On December 31 of Year 1, 30,000 restricted stock units were granted to key employees under this plan when the market price of the common stock was $25 per share. The company estimates that 15% of the restricted stock units will be forfeited and the company's policy is to record forfeitures as incurred. Required a. Compute the total amount of compensation cost for the restricted stock unit plan. b. Prepare the journal entry on the date of grant, December 31 of Year 1. c. Prepare the journal entry on December 31 of Year 2. d. Prepare the journal entry on December 31 of Year 3. In Year 3, 2,000 shares are forfeited. e. Prepare the journal entries on December 31 of Year 4 to record (1) compensation expense and (2) distribution of shares, assuming an additional 400 shares are forfeited in Year 4. Note: If a journal entry isn't required on any of the dates shown, select "N/A-debit" and "N/A-credit" as the account names and leave the Dr. and Cr. answers blank (zero). Note: Round your answers to the nearest whole dollar. a. Total amount of compensation cost $ 637,500 x Date: Account Name b. Dec. 31, Year 1 N/A-debit N/A-credit To record compensation.cost c Dec. 31, Year 2 Compensation Expense Paid-in Capital-Restricted Stock To record adjusting entry. d. Dec. 31, Year 3 Compensation Expense Paid-in Capital-Restricted Stock To record adjusting entry. e. Dec. 31, Year 4 Compensation Expense Dec. 31, Year 4 Paid-in Capital-Restricted Stock To record adjusting entry. Paid-in Capital-Restricted Stock Common Stock Paid-in Capital in Excess of Par-Common Stock To record distribution of shares. Dr. 0 212.500 0 212.500 8 237,500 237,500 x 0 0 0x 900 0x 0x