Honey Co provides its employees entitlements to paid vacation and sick leaves. Employees are entitled to one day vacation and one day sick leave for each month worked during the year. Unused entitlements to vacation leaves may be carried forward but unused entitlements to sick leaves does not accumulate, Employees are paid based on their pay rate in effect at the time of the leave. The following were provided Employee Date employed Daily pay Unused vacation leaves. 1/1/2022 Vacation leaves used in 2022 rate A 7.00 3.00 Sick leaves used in 2022 5.00 10.00 5.00 2.00 B 3/14/2020 6/14/2021 10/29/2022 7/31/2022 6.00 562.50 525.00 500.00 475.00 D 1.00 REQUIRED 1. Employee bencht expens to be reported in 2022 2. Liability for compensated absences on Dec 31, 20222