Bramble Limited began operations on January 2, 2019. The company employs 12 individuals who work 8 hour days and are paid hourly. Each employee earns 10 paid vacation days and 7 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows: Actual Hourly Wage Rate Vacation Days Used by Each Employee Sick Days Used by Each Employee 2019 2020 2019 2020 2019 2020 $20 $22 0 8 4 5 Assume that Bramble Limited has chosen not to recognize paid sick leave until it is used, and has chosen to accrue vacation time at expected future rates of pay without discounting. Bramble uses the following projected rates to accrue vacation time: Year in which Vacation Time Was Earned Projected Future Pay Rates Used to Accrue Vacation Pay 2019 $20.75 per hour 2020 $22.60 per hour Prepare the journal entries to record the transactions related to vacation entitlement during 2019 and 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit 2019 (To accrue the expense and liability for vacations) 2019 (To record vacation time paid) 2020 (To accrue the expense and liability for vacations) 2020 2020 (To record vacation time paid) e Textbook and Media List of Accounts Prepare the journal entries to record the transactions related to sick days during 2019 and 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account and enter O for the amounts.) Date Account Titles and Explanation Debit Credit 2019 2019 2020 e Textbook and Media List of Accounts Calculate the amounts of any liability for vacation pay and sick days that should be reported on the SFP at December 31, 2019, and 2020. 2019 2020 Liability for vacation pay $ $ Liability for sick pay $ $