Exercise 9.11 Accounting for sick leave Drake Ltd opened a call centre on 1 July 2021. The company provides 1 week (5 days) of sick leave entitlement for the employees working at the call centre. The following information has been obtained from Drake Ltd's payroll records and actuarial assessments for the year ended 30 June 2022. The column headed Term. in 2019' indicates the leave entitlement pertaining to service of employees whose employment was terminated during the year. The actuary has estimated the percentage of unused leave that would be taken within 12 months if Drake Ltd allowed leave to accumulate. Due to high staff turnover, the remaining leave would lapse (or be settled in cash, if vesting) within 1 year after the end of the reporting period. Estimated Estimated Base Current Leave taken Term. in leave used termination Employee pay/day service in 2022 2022 2022 2022 category $ (days) (days) (days) % % 150 30 20 3 90 10 Supervisors Operators 90 500 400 60 70 30 Required Calculate the employee benefits expense for sick leave for the year and the amount that should be recognised as a liability for sick leave at 30 June 2022, assuming that sick leave entitlements are: 1. non-accumulating 2. accumulating and non-vesting 3. accumulating and vesting