Headlands Incorporated began operations on January 2, 2016. Headlands employs 7 individuals who work 8-hour days and are paid hourly. Each employee earns 12 paid vacation days and 5 paid sick days annually. Vacation days may be taken after February 28 of the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual Hourly Vacation Days Sick Days Used Used Wage Rate by Each Employee by Each Employee 2016 2017 2016 2017 2016 2017 $14 $16 2 104 Headlands Incorporated began operations on January 2, 2016. Headlands employs 7 individuals who work 8-hour days and are paid hourly. Each employee earns 12 paid vacation days and 5 paid sick days annually. Vacation days may be taken after February 28 of the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual Hourly Vacation Days Sick Days Used Used Wage Rate by Each Employee by Each Employee 2016 2017 2016 2017 2016 2017 $14 $16 2 104