Question: Please answer the following question and show your work. Thank you very much for your help. On January 1, 2017, Cora Inc. issues 90 shares

Please answer the following question and show your work. Thank you very much for your help.

On January 1, 2017, Cora Inc. issues 90 shares of $5 par restricted stock to its key executives. The market value of unrestricted shares of the same stock on the date of issue is $24 and there is a four year vesting period. What is the amount of compensation expense recorded on December 31, 2017? Type your

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