PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $5 per share on January 1, 2020, the grant date. Required: 1. What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2020 and December 31, 2021? 2. When calculating diluted EPS at December 31, 2021, what will be the net increase in the weighted average number of common shares with regard to the restricted stock shares if the market price of the common shares averages $5 per share during 2021? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2020 and December 31, 2021? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i. 10,000,000 should entered 10).) View transaction list Journal entry worksheet Record executive compensation regarding these shares