Retu Magnetic Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021. granted restricted stock units (RSUS) representing 13 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $18.00 per share on the grant date Management's policy is to estimate forfeitures Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUS prior to vesting. Determine the total compensation cost. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Reg 4 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (1.e., 10,000,000 should be entered as 10).) Credit No Debit 78 1 Date General Journal January 01, 2021 Compensation expense Online C TA