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EcoMotors's disclosure notes for the year ending December 31, 2017, Included the following regarding its $0.001 par common stock: Employee Stock Purchase Plan Our employees

EcoMotors's disclosure notes for the year ending December 31, 2017, Included the following regarding its $0.001 par common stock: Employee Stock Purchase Plan Our employees are eligible to purchase our common stock through payroll deductions of up to 15% of their eligible compensation, subject to any plan limitations. The purchase price would be 85% of the lower of the fair market value on the first and last trading days of each six-month offering period. During the years ended December 31, 2017, 2016, and 2015, we issued 222,471,165,500 and 222,471 shares under the ESPP for $39.4 million, $30.5 million and $15.7 million, respectively. There were 3,634,749 shares available for Issuance under the ESPP as of December 31, 2017. Required: Prepare the journal entry that summarizes EcoMotors's employee share purchases for the year ending December 31, 2017. (If no entry Is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction llest Journal entry worksheet < Record the entry for employee share purchase. Note: Enter debits before credits. Date December 31, 2017 General Journal Debit Credit Record entry Clear entry View general journal

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