1. Cobre Stamping Company provides its 120 employees with a comprehensive benefits package. As part of this package, Cobre allows each of its 120 employees 11 paid sick days per year. The average wage rate for the current year is $143 per day. If employees do not take the sick days in the current year, the days carry over indefinitely and will be paid to the employee upon termination. Employees took 80% of the days during the current year and carried over the remaining sick days to the next year. Read the requirements. Requirement a. Prepare the journal entry required to record the sick days for the current year. (Record debits first, then credits. Exclude explanations from any journal entries.) Account |(1) Current year (2) |(3) (4) Requirement b. Prepare the journal entry required to record the payment of the sick days in the following year, assuming employees take all remaining days at that time. Account Following year (5) (6) (7) (8)