On January 1, 2020, the board of directors of Bunting Inc. granted restricted stock awards to 10 key employees to acquire 2,000 shares each under the following terms. Restricted stock awards vest on December 31, 2021. Grantees must remain employed with Bunting Inc. to receive the common shares of stock without restrictions. The requisite service period is considered to be 2 years. Each stock award represents one share of $10 par, common stock of Bunting Inc. On the date of grant, the common shares were trading at $40 per share. During 2020 and 2021, the average price of common stock was $45 and $50 per share, respectively. Required a. Prepare the journal entry on the date of grant, January 1, 2020. b. Prepare the journal entry on December 31, 2020. Assume instead that the board of directors granted each of the 10 employees 2,000 restricted stock units in- stead of restricted stock awards. Each restricted stock unit represents one share of common stock of Bunting Inc. Prepare the journal entries on January 1, 2020, and on December 31, 2020. d. What is the net impact on stockholders' equity on December 31, 2020, for restricted stock awards in part a? What is the net impact on stockholders' equity on December 31, 2020, for restricted stock units in part c? C. 4