On January 1, Alaska Inc. issued a total of 1,000 shares of $10 par, restricted common stock to five executives. The fair value of the shares of stock on January 1 is $60,000. The restricted shares require a vesting period of 3 years, which is the requisite service period, and no forfeitures are anticipated. a. Prepare the journal entry (if any) on January 1. b. Prepare the adjusting journal entry on December 31. Note: If a line in a journal entry isn't required for the transaction, select "N/Adebit" and "N/Acredit" as the account names and leave the Dr. and Cr. answers blank (zero)