During its first year of operations, a company granted its employees vacation privileges and pension rights estimated at a cost of $24,226 and $11,279, respectively. The vacations are expected to be taken in the next year, and the pension rights are expected 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?

a.$24,226

b.$35,505

c.$11,279

d.$58,063