On January 1, 2016, VKI Corporation awarded restricted stock units (RSUs) representing 9 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $7.80 per share. Required:1.) Determind the total compensation cost pertaining to the RSU's2.) Prepare the appropriate journal entriesRecord the award of RSU's on January 1, 2016. Record the Compensation expense on December 31, 2016. Record the Compensation expense on December 31, 2017. Record the Compensation expense on December 31, 2018. Record the lifting of restrictions on the RSU's and issuing shares at December 31, 2018.
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