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PLEASE SOLVE URGENTLY The Peach Corporaton provides restricted stock to certain executives. Undei the pian, the company granted 30 million shares on January 1.2021, which
PLEASE SOLVE URGENTLY
The Peach Corporaton provides restricted stock to certain executives. Undei the pian, the company granted 30 million shares on January 1.2021, which vest in four years The foir value of the shares is $13.3, No forfeitures are anticipated I 2 nore taxes. Required: 1. Determine the total compensation cost pertalning to the restricted stock. 2. \& 3. Prepare the appropriate joumalentries (if any) Complete this question by entering your answers in the tahs beicw. Determine the total compensation cost pertaining to the restricted stock. (Enter your answer in millions-(1.0, 10,000,000 should be entered as:-10).) Journal entry worksheet Record the award of restricted stock on January 1, 2021 , Notes Enter debits before 'creditar. Journal entry worksheet Record compensation expense on December 31,2021. Note: Enter debits before credits Step by Step Solution
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