Flash Company granted all employees two weeks of paid vacation for each full year of employment. Unused vacation time can be accumulated and carried forward to succeeding years and will be paid at the salaries in effect when vacations are taken or when employment is terminated. There was no employee turnover in the current year. Additional information relating to the current year are as follows: Liability for accumulated vacations on January 1, 2018 350,000 Pre-2018 accrued vacations 200,000 taken from January 1 to September 30, 2018, the authorized period for vacations Vacations earned for work in 2018 adjusted to current rate 300,000 The company granted a 10% salary increase to all employees on October 1, 2018, the annual salary increase date. 23. For the year ended December 31, 2018, what amount should be reported as vacation pay expense? A. 300,000 B. 315,000 C. 335,000 D. 45,000