ABC Company has 4 employees who are each paid 13,000 annually and are entitled to 4 weeks (20 days) paid annual vacation. By the end of the accounting period, two of the employees have taken their full entitlement, one has taken 16 days, and the other has taken only 5 days. Assuming a 5-day working week: a. calculate the vacation pay liability b. prepare the journal entry to record the liability