Exercise 19-23 Record restricted stock; effect on EPS (LO19-1, 19-11) PHN Foods granted 33 million of its no par common shares to executives, subject to forfelture of employment is terminated within three years. The common shares have a market price of $15 per share on January 1, 2017, the grant date. Required: 1. What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2017 and December 31, 2018? 2 When calculating diluted EPS at December 31, 2018, what will be the net Increase in the denominator of the EPS fraction if the market price of the common shares averages $15 per share during 2018? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2017 and December 31, 2018? (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction lat Journal entry worksheet Record executive compensation regarding these shares. Note: Enter debits before credits. Date December 31, 2017 General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Record executive compensation regarding these shares. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general Journal Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 When calculating diluted EPS at December 31, 2018, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averages 515 per share during 2018? (Enter your answer in millions of shares i.e. 10,000,000 should be entered as 10).) Net increase in the denominator million shares