A new company began operating on January 1, 2017 and employed 12 people. The company has a 5-day work week and all employees work 8-hour days. The company adopted an employee compensation policy that provides all of its employees with 2-weeks of paid vacation Each employee must work the first year in full to be eligible for paid vacation in 2018. After that point, if the employee leaves the company the employee is still entitled to 2-weeks' vacation pay. The following data applies in 2018: YEAR HOURLY RATE 2017 $18.00 2018 $20.50 # of VACATION DAYS TAKEN 0 Required: Prepare all journal entries related to compensated absences for both years