05 E10-36. (Adjusting for accrued vacation leave in government-wide financial statements) Sophie County allows its employees to eam 10 days of vacation leave every year. It also allows em- ployees to accumulate vacation leave and to receive cash for up to 20 days of leave on termination or retirement Sophie's governmental fund financial statements include an accrual for vacation pay that is due and payable, but not for the additional accumulated vacation leave linbility. In its government-wide financial statements for the year ended December 31, 2018, Sophie reported a liability of $215,000 for additional accumulated vacation Icave. Sophie's finance officer estimated accumulated leave to be $285,000 as of December 31, 2019. Prepare joumal entries needed to report the liability in Sophie's 2019 government-wide statements, 05 E10-36. (Adjusting for accrued vacation leave in government-wide financial statements) Sophie County allows its employees to eam 10 days of vacation leave every year. It also allows em- ployees to accumulate vacation leave and to receive cash for up to 20 days of leave on termination or retirement Sophie's governmental fund financial statements include an accrual for vacation pay that is due and payable, but not for the additional accumulated vacation leave linbility. In its government-wide financial statements for the year ended December 31, 2018, Sophie reported a liability of $215,000 for additional accumulated vacation Icave. Sophie's finance officer estimated accumulated leave to be $285,000 as of December 31, 2019. Prepare joumal entries needed to report the liability in Sophie's 2019 government-wide statements