Return to As part of its stock based compensation package, on January 1, 2021, International Electronics granted restricted stock units (RSUS) representing 50 million $1 par common shares. At exercise, holders of the RSUs are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUS cannot be exercised until the end of 2024 (vesting date) and expire at the end of 2026. The S1 par common shares have a market price of $6 per share on the grant date. The fair value at December 31, 2021 2022, 2023 2024 and 2025, is $8.56, 58, 55, and $6, respectively. All recipients are expected to remain employed through the vesting date. After the recipients of the RSUS satisfy the vesting requirement, the company wil distribute the shares. Required: 1. to 3. Prepare the appropriate journal entries pertaining to the RSUS on January 1, 2021 and December 31, 2021 December 31, 2024 The RSUS remain unexercised on December 31, 2025. prepare the appropriate entry 4. The RSUs are exercised on June 6, 2026, when the share price is $6.50, and executives choose to receive cash Prepare the appropriate journal entry(s) on that date Answer is not comnlata No Date June 06, 2026 Debit Credit General Journal Compensation expense Liability - RSUS 25 DO 25 June 06, 2026 Common stock Paid-in capital - excess of par Llability - RSUS Cash 50 250 25 325