Current Attempt in Progress Cullumber Company began operations on January 2, 2025. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 9 paid vacation days and 6 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. Cullumber Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned. Prepare journal entries to record transactions related to compensated absences during 2025 and 2026 . (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Compute the amounts of any liability for compensated absences that should be reported on the bai ance sheet at December 31 , 2025 and 2026