Mann Incorporated offers a restricted stock award plan to its vice presidents. On January $1,2024,$ the corporation granted $10$ million of its $$5$ par common shares, subject to forfeiture if employment is terminated within two years. The common shares have a market value of $$10\mathrm{.}80$ per share on the date the award is granted.

Required:

Assume that no shares are forfeited. Determine the total compensation cost pertaining to the restricted shares.

Prepare the appropriate journal entries related to the restricted stock through December $31,2025.$