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 $13.50. 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). Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Determine the total compensation cost pertaining to the restricted stock. Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10). Total compensation cost million

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 $13.50. 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). Complete this question by entering your answers in the tabs below. Determine the total compensation cost pertaining to the restricted stock. Note: Enter your answer in millions (1.e., 10,000,000 should be entered as 10)