Current Attempt in Progress Sarasota Company began operations on January 2, 2019. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 12 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 $12 $13 0 11 5 Sarasota 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 projected rates to accrue vacation time. Sarasota 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 projected rates to accrue vacation time. Year in Which Vacation Time Was Earned 2019 2020 Projected Future Pay Rates Used to Accrue Vacation Pay $12.79 13.80 Date Account Titles and Explanation 2019 Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash Debit 13401 5280 Credit 13401 5280 2020 Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable Cash 14572.80 6864 968 11416 14572.80 6864 12584 Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31. 2019 and 2020. (Round answers to O decimal places, e.g. 5,125.) Accrued liability 2019 2020 12872.64 $ 14572.80