Prepare journal entries to record transactions related to compensated absences during 2016 and 2017. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,125.) Date Account Titles and Explanation 2016 (To accrue the expense and liability for vacations) (To record sick leave paid) (To record vacation time paid) 2017 To accrue the expense and liability for vacations) (To record sick leave paid) (To record vacation time paid) Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016 and 2017. (Round answers to O decimal places, e.g. 5,125.) 2016 2017 Accrued liabilitys