Napa Inc. granted restricted stock units (RSUs) on January 1st. The RSU's represented 40 million of its $1 por common shares to executives, subject to forfeiture if employment is terminated within four years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shores. The common shares had o market price of $10 per share on the grant date. At the date of grant. Nopa anticipated that 5% of the recipients would leave the firm prior to vesting Ignore taxes Required: 1. Prepare the appropriate journal entry to record compensation expense on December 31, 2021 2. Prepare the appropriate journal entry to record compensation expense on December 31, 2022 3. During 2023 third year, Napa revised its estimate of forfeitures from 5% to 10% Prepare the appropriate journal entry to record compensation expense on December 31, 2023 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2 3 4 Record the compensation expense on December 1, 2021 for award of restricted stock units (RSUS) representing 40 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. LBE anticipated that 5% of the recipients would leave the firm prior Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit