Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units (RSUs) representing 20 million of its \$1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $6.00 per share on the grant date. Management's policy is to estimate forfeitures. Required: 1. Deteimine the total compensition cost pertaining to the RSUs. 2. Prepare the appropriate journal entry to record the RSUs on January 1, 2021 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Maignetic-Optical expected a 105 forfelture rate on the RSUs prior to vesting. Determine the total compensation cost Complete this question by entering your answers in the tabs below. nontered ay 10 ). Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate journal entry to record the RSUs on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation ci Complete this question by entering your answers in the tabs below. Prepare the approptiate joumal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first sccount field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet Record the award of restricted shares on January 1, 2021, Notes Enter debits before credita. Required: 1. Determine the total compensation cost pertaining to the RSUs: 2. Prepare the appropriate journal entry to record the RSUs on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. Complete this question by entering your answers in the tabs below. Prepare the appropriate joumal entries. (If no entry is required for a transaction/event, solect "No journal entry required" in the first account field, Enter your answers in milifions ( (.6,10,000,000 should be entered as 10).) Journal entry worksheet Record compensation expense on December 31; 2021 Noten Ener debite beforn credits. Complete this question by entering your answers In the tabs below. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. (Enter your answer in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5 ).)