Hyacinth Corporation offers a variety of share$-$based compensation plans to employees. Under its restricted stock unit plan, the company on January $1$ granted restricted stock units $($RSUs$)$ representing $1,500,000$ of its $$2\mathrm{.}00$ par common shares to various executives. The shares are subject to forfeiture if employment is terminated within $4$ years. The common shares have a market price of $$22\mathrm{.}00$ per share on the grant date. Management$$s policy is to estimate forfeitures.Required:Determine the total compensation cost pertaining to the RSUs.Prepare the appropriate journal entry to record compensation expense on December $31.$Suppose Hyacinth expected an $8\%$ forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost.Navigation:Use the Open Excel in New Tab button to launch this question.When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.