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  3. on january 1, 2022, siewart, inc. granted 17.0 mil

On January 1, 2022, Siewart, Inc. granted 17.0 million of its $1 par common shares...

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Accounting

On January 1, 2022, Siewart, Inc. granted 17.0 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $9 per share on the grant date. Ignoring taxes, and assuming that Siewart has a December 31st year end, what is the effect of this grant on Siewart's 2023 earnings? (Round your answer to 1 decimal place.)

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