During its first year of operations, a company granted its employees vacation privileges and pension rights estimated at a cost of $25,069 and $11,915, 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. $11,915 b. $25,069 c. $60,814 d. $36,984