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\mathrm{.}90.$ No forfeitures are anticipated. Ignore taxes.

Required:

Determine the total compensation cost pertaining to the restricted stock.

& $3.$ Prepare the approprlate journal entries $($If any$).$

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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