Question 6 of 10 -/1 View Policies Current Attempt in Progress On January 1, 2020 (the date of grant), Cullumber Corporation issues 1,400 shares of restricted stock to its executives. The fair value of these shares is $96,000, and their par value is $7,000. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare journal entries for January 1, 2020, and on December 31, 2020, assuming the service period is 3 years. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit 1/1/20 12/31/20