Not sure how to calculate the accrued liability. Please help and show work!!

Exercise 13-4 Sage Company began operations on January 2, 2016. It employs 10 individuals who work hour days and are paid hourly. Each employee earns 11 paid vacation days and 7 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are eamed. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows Actual Hourly Wage Rate Vacation Days Used by Each Employee 2016 2017 Sick Days Used by Each Employee 2016 2017 2016 $11 $12 expected future rates of pay without counting The Sage Company has chosen not to acere paid sick leave until used, and has chosen to acerve vacation time company used the following projected rates to accrue Vacation time Year in which Vacation Time Was Earned Projected Future Pay Rates Used to Accrue Vacation Pay 2016 2017 $11.93 12.30 Your answer is correct. try for the account dawere the Prepare journal entries to record transactions related to compensated absences during 2016 and 2017. ( entry is required t o tities and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not det man decimal places, eg. 5,125.) Date Account Titles and Explanation Debit Credit 2016 Isalaries and wages Expense. 1 104901 NT RESOURCES Date Account Titles and Explanation Debit Credit 2016 salaries and Wages Expense 10498 10498 | Salaries and Wages Payable (To accrue the expense and liability for vacations) mercise 13-4 wercise 13-5 exercise 13-6 Exercise 13-9 Exercise 13-13 se 13-4 se 13-5 ise 13-7 ise 13-9 cise 13-11 cise 13-17 alem 13-2 em 13-2 Salaries and Wages Expense 3520 Cash (To record sick leave paid) U 3520 No Entry 1 No Entry Score Results by Study tive (To record vacation time paid) 2017 Salaries and Wages Expense 11334 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense | Cash 5760 (To record sick leave paid) Salaries and Wages Expense Wages Expense Salaries and Wages Payable C 56 Cash (To record vacation time paid) SHOW LIST OF ACCOUNTS SHOW SOLUTIONSHOW ANSWER LINK TO TEXT Your answer is incorrect. Try again Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 11, 2016 and 2017 Round answers to decimal places, e.g. 5,125.) 2016 Accrued liability i 260 260