Indigo Company began operations on January 2, 2019. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 11 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following 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 Wage Rate Sick Days Used by Each Employee Vacation Days Used by Each Employee 2019 2020 0 9 2020 2019 $11 2020 $12 2019 4 5 Indigo Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time. Year in Which Vacation Time Was Earned 2019 Projected Future Pay Rates Used to Accrue Vacation Pay $11.29 2020 12.18 Debit Debit Credit Date Account Titles and Explanation 2019 Salaries and Wages Expense 8712 Salaries and Wages Payable 8712 (To accrue the expense and liability for vacations) Salaries and Wages Expense 4752 4752 Salaries and Wages Payable (To record sick leave paid) Salaries and Wages Payable 3168 Cash 3168 (To record vacation time paid) Salaries and Wages Expense 2020 9504 9504 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense 5184 5184 Salaries and Wages Payable (To record sick leave paid) Salaries and Wages Expense 144 Salaries and Wages Payable 4176 Cash 4320 (To record vacation time paid) Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 and 2020. (Round answers to decimal places, eg. 5,125.) 2019 2020 Accrued liability $ 8712 $ 14040