Question 3 Simon Ltd. began operations on January 2, 2020. The company employs 100 people who work 8-hour days. Each employee earns 10 paid sick days annually. The average hourly wage rate was $ 25.00 in 2020 and $ 28.00 in 2021. The average number of sick days used by each employee in 2020 was 8. Simon accrues the cost of compensated absences at rates of pay in effect when earned. The sick days vest, and accumulate. Required a. Prepare all journal entries to record the transactions related to sick days during 2020. b. Assume that the sick days accumulate, but are not vested. Assume that employee turnover rate is 40% due to the difficulty of the work. Based on this information, prepare an adjusting journal entry at year end of 2020 only