The Josh Cutler Corporation provides restricted stock to certain executives. Under the plan, the company granted $30$ million shares on January $1,2024,$ which vest in four years. The fair value of the shares is $$14.$ No forfeitures are anticipated. Ignore taxes.

Required:

$1.$ Determine the total compensation cost pertaining to the restricted stock.

$2.$ & $3.$ Prepare the appropriate journal entries $($if any$).$