MJM, Inc. allows employees at the end of the year to carry forward up to 75 hours of paid time off at their current salary. Fox is a full-time employee who has unused vacation time of 72 hours, and Owl, also a full-time employee, has unused vacation time of 79 hours. Foxs hourly rate is $20, and Owls is $18. How much should MJM record as a liability for the unpaid vacation time at the end of the year?

Group of answer choices

$2,790

$2,862

$2,760

$2,850