On January 1, 2014 (the date of grant), Lutz Corporation issues 2,930 shares of restricted stock to its executives. The fair value of these shares is $108,600, and their par value is $11,700. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare journal entries for January 1, 2014, and on December 31, 2014, assuming the service period is 3 years. (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.)