Monty Company began operations on January 2, 2025. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 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 2025 $10 2026 $11 Vacation Days Used by Each Employee 2025 2025 Year in Which Vacation Time Was Earned 2026 0 2026 9 Sick Days Used by Each Employee 2025 Monty 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. 4 Projected Future Pay Rates Used to Accrue Vacation Pay $10.50 11.70 2026 5

Monty Company began operations on January 2, 2025. It employs 9 individuals who work 8 -hour days and are paid hourly. Each emplowe earns 10 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. Monty 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. Question 2 of 7 0.43/7.5 i - Vour anower is partially coeries. Credit (fo accue the eapense and liabilt, for vacaboni) tintion 2025 and 2026