= Homework: Week Three Question 14, BE19-12 (similar to) Part 1 of 2 HW Score: 14.32%, 3.15 of 22 points Points: 0 of 1 Save Madison Company issued 108,000 shares of $3 par value, restricted stock to its top five key employees on January 1, 2017. The market value of Madison's shares is $40 per share on the date of issue. The restricted shares require a vesting period of 2 years. Prepare the journal entries for the first year. Prepare the journal entry on the date of the grant of the restricted shares. This is to record amortization for the first year that will be amortized over the two-year vesting period. (Record debits first, then credits. Exclude explanations from any journal entries.) Account January 1, 2017 Help me solve this Etext pages Get more help - Type here to search E 3' Clear all Check answer 57F Partly sunny ^ 1:31 PM 1/24/2022