Please provide step by step on how to solve problems, and don't round.

Thank you!!

On Jan 1, 2020, P granted 8383 of its $1 par common shares to executives, subject to forfeiture if employment is terminated within 7 years. The grants of restricted stock vest over 6 years. The common shares have a market price of $21 per share on the grant date. The effect on this grant on earnings for 2020 is