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Tower Company granted 1,000 restricted shares of its $1-par common stock to key employees when the share price was $20. The shares vest in four

Tower Company granted 1,000 restricted shares of its $1-par common stock to key employees when the share price was $20. The shares vest in four years. As of the grant date, Tower expects 10% of the shares to be forfeited. How much deferred compensation will Tower in the initial entry to record the restricted stock?

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