10 points 17 02:09:35 Help TB Problem 19-164 (Algo) Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company, on January 1, 2021. granted 2 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within four years. The common shares have a market price of $19.2 per share on the award date Required: 1. Determine the total compensation cost from these restricted shares. 2. & 3. Prepare the appropriate journal entries. 4. Suppose a 15% forfeiture rate was expected prior to vesting. Determine the total compensation cost, assuming the company follows the fair value approach and chooses to anticipate forfeitures at the grant date. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Determine the total compensation cost from these restricted shares. (Enter your answer in millions rounded to decimal place (ie., 5,500,000 should be entered as 5.5).) Total compensation cost million Req 2 and 3 > Subm TB Problem 19-164 (Algo) Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company, on January 1, 2021, granted 2 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within four years. The common shares have a market price of $19.2 per share on the award date. Required: 1. Determine the total compensation cost from these restricted shares. 2. & 3. Prepare the appropriate journal entries. 4. Suppose a 15% forfeiture rate was expected prior to vesting. Determine the total compensation cost, assuming the company follows the fair value approach and chooses to anticipate forfeitures at the grant date. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered an 5 View transaction list Journal entry worksheet 1 2 Record the award on January 1, 2021. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit first aunt held. Enter your answers in millions rounded to 1 decimal place (ie., 5,500,000 should be entered as 5.5 new run a transaction/event, select "No journal entry required in the fest View transaction list Journal entry worksheet 1 2 Record compensation expense on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Crudit Record entry Clear entry View general journal Next> TB Problem 19-164 (Algo) Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company, on January 1, 2021, granted 2 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within four years. The common shares have a market price of $19.2 per share on the award date. Required: 1. Determine the total compensation cost from these restricted shares. 2. & 3. Prepare the appropriate journal entries. 4. Suppose a 15% forfeiture rate was expected prior to vesting. Determine the total compensation cost, assuming the company follows the fair value approach and chooses to anticipate forfeitures at the grant date. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Suppose a 15% forfeiture rate was expected prior to vesting. Determine the total compensation cost, follows the fair value approach and chooses to anticipate forfeitures at the grant date. (Enter your to 2 decimal places (1.e., 5,500,000 should be entered as 5.50).) Total compensation cost million