On January 1, Year 1, a company granted restricted stock units (RSUs) representing 50 million of its $1 par common shares to executives, subject to forfelture if employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of grant, the company anticipated that 5% of the recipients would leave the firm prior to vesting. On January 1, Year 2, 4% of the RSUS are forfelted due to executive turnover. The company chooses the option to account for forfeltures when they actually occur. TE 11 Required: 1. to 3. Prepare the appropriate Journal entries to record compensation expense on December 31, Year 1, December 31, Year 2, and December 31, Year 3. Note: If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Do not round Intermediate calculations. Enter your answers in millions (Le., 10,000,000 should be entered as 10).

On January 1, Year 1, a company granted restricted stock units (RSUs) represeneng 50 million of its 51 par common shares to executves, subject to forfeiture if employment is terminated whthin three years. After the reclplents of the RSUs satisfy the vesting requitement, the company will distibute the shares. - The common shares had a market price of $15 per share on the grant date. - At the date of grant, the company anticlpated that 5% of the reciplents would lesve the firm prior to vesting - On January 1, Year 2. 4\%s of the RSUs are forfelted due to executive turnover - The compary chooses the option to account for forfeltures when they actually occur. Required: 1. to 3. Prepare the approperate journal entries to record compensation expense on December 31, Year 1, December 31, Year 2, and December 31, Year 3 . Note: If no entry is required for a transoctonievent, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in mililons (Le., 10,000,000 should be entered as 10)