M Corporation has an employee benefit plan for compensated absences that gives each employee $15$ paid

vacation days. Vacation days can be carried over indefinitely. Employees can elect to receive payment in lieu

of vacation days. At December $31,2024,$ M$\text{'}$s unadjusted balance of liability for compensated absences was

$$30,000.$ M estimated that there were $200$ total vacation days available at December $31,2024.$ M$\text{'}$s

employees earn an average of $$150$ per day. In Its December $31,2024,$ balance sheet, what amount of Ilability

for compensated absences is $M$ required to report?

Multiple Choice

$$225,000$

$$450,000$

$$0$

$$30,000$