On January 1, 2020 (the date of grant), Lupin Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $75,000, and their par value is $10,000. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare the journal entry (if any) on January 1, 2020, and on December 31, 2020, assuming the service period is 3 years. 1. Record the journal entry on January 1, 2020 Accounts [Select] [Select] Journal Entry Debit Credit V [Select] [Select] 2. Record the journal entry on December 31, 2020 Accounts [Select] [Select] Journal entry Debit [Select] [Select] [Select] [Select] Credit