Lebron Corp issues 5,000 restricted shares to upper level executives on 1st January, 2013 (Date of Grant). The shares have a fair value of $240,000 on 1st January, 2013. The service period related to these restricted shares is 3 years. Vesting occurs if the upper level executives stay with Lebron Corp for 3 years. The par value of shares is $3 per share. At 31st December, 2014 the fair value of the shares is $270,000. Create the journal entries necessary in 2013 and 2014 for restricted shares.