On January $1,2025($the date of grant$),$ Oriole Corporation issues $2,000$ shares of restricted stock to its executives. The fair value of these shares is $$102,000,$ and theif par value is $$10,000.$ The stock is forfeited if the executives do not complete $3$ years of employment with the company.

Prepare journal entries for January $1,2025,$ and on December $31,2025,$ assuming the service period is $3$ years. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date Account Titles and Explanation

Debit

Credit

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