Pina Compary began operations on January 2, 2019. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 11 paid vacation days and 8 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 socn as they are earned; unused sick doys accumulate. Additional information is as follows: Pina Company has chosen to accrue the cost at compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when carned. Your answerk poctilily correct. Prepare journal entries to record transactions related ta compensated absences during 2019 and 2020 . iff no entryls nequired, select "Ho Entry' for the account tities and enter Ofor the ansounts. Credit account titles are outomatically indented when omount is entered Do not indent moniolly y J. Date Account Tities and Explanation 2019 Salaries and Wages Expense 5alaries ans Wages Payable (To accrue the expense and liability for vacations) Sariet and Wages Epponse 6,144 Sat aries and Wagen Payable (To accnue the expense and liablity for sick pay) Salaries and Wages Payable (To record piyment for compensated time when used by employees) 2020 Salaies and Wagei Expense Staries and Woges Payable (To accrue the eppense and labbilty for vacations) Salaries and Wages Expense 6,912 Salaries and Wages Payable (To accrue the expense and liability for sick pay) Salaries and Wages Expense SMaries and Wages Payahile: Smarecsevioge puphile. (To record vacation time paid) Walarles ardi Wages froense Swaties and Wheses Parahle 4.120 (To record sick leave paid) eTextbook and Media Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31 , 2019 and 2020