1. How much is the employee benefit cost for sick leave and vacation leave for the year 2020?

2. How much is the liability for compensated absences at December 31,2020?

In compliance with labor code prevailing in the country, ABC Company grants 10 days of sick leave and 10 days vacation leave for each complete year of service rendered by its employees. Unused sick leave does not accumulate but unused vacation leave may be carried forward. Employees are compensated at the rate in effect at the time of the leave. The following data were taken from the records of ABC Company for the year 2020. Employee First day in service Vacation Sick leave taken in 2020 taken in 2020 Effective rate per day A B D March 1, 2014 July 16, 2015 June 2, 2015 September 19,2016 October 5,2019 Unused Vacation, Jan. 1 12 13 15 8 8 9 6 4 10 8 8 2 P 520 480 450 400 N00 E 0 o 2 6 6 375