Magnetic-Optical Corporation offers a variety of share-based compEnsation plans to employees. Under its restricted stock unit plan, the company on January 1, 2018, granted restricted stock units (RSUs) representing 6 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 $28.50 per share on the grant date. Management's policy is to estimate forfeitures. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. & 3. Prepare the appropriate journal entries. 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. Req 2 and 3 Req 1 Req 4 Suppose Magnetic-Optical expected cost. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) 10% forfeiture rate on the RSUS prior to vesting. Determine the total compensation 7.6million S Total compensation cost Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 Record compensation expense on December 31, 2018. Note: Enter debits before credits. General Journal Credit Date Debit December 31, 2018 Compensation expense 171,000,000 171,000,000 Paid-in capital-restricted stock