PHN Foods granted 93 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 $20 per share on January 1, 2017, the grant date. Required: 1. What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2017 and December 31, 2018? 2. When calculating diluted EPS at December 31, 2018, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averages $20 per share during 2018? 56 nts eBook Hint Complete this question by entering your answers in the tobs below. References Required 1 Required 2 What journail entry will PHN Foods prepare to recorexecutive compensation regarding these restricted shares at December 31, 2017 and December 31, 2018? (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.e., 10,000,000 should be entered as 10).) Required 1 Required 2 When calculating diluted EPS at December 31, 2018, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averages $20 per share during 2018? (Enter your answer in millions of shares (i.e., 10,000,000 should be entered as 10).)