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On January 1, 2017, ABC Corporation granted 10 million equity-classified restricted shares that have a fair value of $10 per share at grant date with a three-year cliff-vesting requirement. The stock price is $90 on January 1, 2020 when the requisite service period is complete. ABC Corporation has a fiscal year end of 12/31/2020. Assuming no Section 83(b) election has been made by the employee, what journal entries should Platoon Corporation make at grant date, recognition of the stock compensation expense, and vesting date upon exercise?

Additional Facts: a) Assume no forfeitures have occurred during this period. b) The applicable tax rate is 21%. c) Platoon Corporation recognizes compensation cost on a straight line basis.

Shares	10,000,000
FV/ Share @ Grant	$10
FV/ Share @ Service Period	$90
Tax Rate	21%
Vesting Requirement	3

Fill in the table below:

		Grant Date		Recognition of Stock Compensation Expense on January 1, 2018		Vesting Date Upon Exercise
DR:	Income Tax Expense
DR:	Deferred Tax Asset
DR:	Income Tax Payable
CR:	Income Tax Expense
CR:	Deferred Tax Asset
CR:	Income Tax Payable

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