Exercise $19-23($Static$)$ Record restricted stock; effect on EPS $[$LO$19-1,19-11]$

Justin Short Foods granted $18$ million of its no$-$par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $$5$ per share on January $1,2023,$ the grant date.

Required:

What journal entry will Justin Short Foods prepare to record executive compensation regarding these restricted shares at December $31,2023$ and December $31,2024?$

When calculating diluted EPS at December $31,2024,$ what will be the net increase in the weighted average number of common shares with regard to the restricted stock shares if the market price of the common shares averages $$5$ per share during $2024?$

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