On January 1, 2014, Jeans-R-Us Company awarded 15 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within 3 years. On the date of the grant, the stock had a market price of $3 per share. Determine the total compensation cost pertaining to the restricted shares. Prepare the appropriate journal entry to record the award on January 1, 2014. Prepare the appropriate journal entry to record compensation expense on December 31, 2014