Lebron Corp issues 5,000 restricted shares to upper level executives on January 1, 2013 (Date of Grant). The shares have a fair value of $240,000 on January 1, 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 the shares is $3 per share. At December 31, 2014 the fair value of the shares is $270,000. Prepare the journal entries necessary in 2013 and 2014 for the restricted shares.