During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $21, 500 and $15,000. The vacations are expected to be taken in the next year and the pension rights are experted to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year? $6, 500 $15,000 $36, 500 $21, 500