On January 1, 2020, Alaska Inc. granted restricted stock units to five executives for a total of 1,000 shares of $10 par common stock. The fair value of the shares of stock on January 1, 2020, is $60,000. The restricted shares re- quire a vesting period of 3 years, which is the requisite service period, and no forfeitures are anticipated. a. Prepare the journal entry (if any) required on January 1, 2020. b. Prepare the adjusting journal entry required on December 31, 2020