Magro Machinery allows its employees 10 paid sick days per year. If the employees do not take the sick days in any given year, the days accumulate. If an employee either leaves or is terminated, he or she will be paid in cash for the sick days. During the current year, 20 employees took all 10 sick days while five employees did not use any of their days. The current wage rate for all of Magro’s employees is $ 200 per day. Prepare the journal entry to record compensated absences for the current year.