Broderick Company began operations on January 2, 2025. The following information was provided concerning the company's emplovees who are paid hourly. 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. Broderick Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following proiected rates to accrue vacation time. Instructions a. Prepare journal entries to record transactions related to compensated absences during 2025 and 2026. b. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2025 and 2026. NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the