Tamarisk Company issues $8,800$ shares of restricted stock to its CFO, Mary Tokar, on January $1,2025.$ The stock has a fair value of $$440,000$ on this date. The service period related to this restricted stock is $5$ years. Vesting occurs if Tokar stays with the company until December $31,2029.$ The par value of the stock is $$10.$ At December $31,2025,$ the fair value of the stock is $$419,000.$

$($a$)$

Prepare the journal entries to record the restricted stock on January $1,2025($the date of grant$),$ and December $31,2026.($List all debit entries before credit entries. 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 $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$

Date

Account Titles and Explanation

Debit

Credit