Waterway Company issues $4,000$ shares of restricted stock to its CFO, Dane Yaping, on January $1,2025.$ The stock has a fair value of $$122,000$ on this date. The service period related to this restricted stock is $4$ years. Vesting occurs if Yaping stays with the company for $4$ years. The par value of the stock is $$5.$ At December $31,2026,$ the fair value of the stock is $$133,000.$

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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.$)$

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Account Titles and Explanation

Debit

Credit

Unearned Compensation

Paid$-$in Capital in Excess of Par $-$ Common Stock

Common Stock