McDonnell-Myer Corporation reported net income of $2,960 million. The company had 546 million common shares outstanding at January 1 and sold 60 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $40 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Earnings per share Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2021, the company granted 20 million of its $1 par common shares, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $5 per share on the grant date. Required: 1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entries related to the restricted stock through December 31, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries related to the restricted stock through December 31, 2022. (If no entry transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (1. entered as 10).) View transaction list Journal entry worksheet Record the compensation expense. Mit der rohite hanno radite Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2021, the company granted 20 million of its $1 par common shares, subject to forfeiture If employment is terminated within two years. The common shares have a market price of $5 per share on the grant date. Required: 1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entries related to the restricted stock through December 31, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries related to the restricted stock through December 31, 2022. (If no entry transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (i. entered as 10).) View transaction list Journal entry worksheet