QUESTION 1 Gyro International has 10,000 employees. Each employee earns 3 weeks of paid vacation per year. Vacation time not taken in the year earned can be carried over to subsequent years. During 2020, 2,800 employees took their 3 weeks vacation, but at the end of the year, 7,200 employees had vacation time carryovers as follows: 5,000 had 1 week remaining 1,200 had 2 weeks remaining 1,000 had 3 weeks remaining Each employee earns $500 per week. Prepare the December 31, 2020 adjusting entry for future vacation pay