Question 3 View Policies Current Attempt in Progress Bonita Industries has 50 employees who work 8-hour days and are paid hourly. On January 1, 2020, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2020 may first be taken on January 1, 2021. Information related to these employees is as follows: Hourly Vacation Days Earned Vacation Days Used Year Wages by Each Employee by Each Employee 2020 $31.50 2021 33.50 2022 36.50 10 Bonita has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned. What is the amount of expense related to compensated absences that should be reported on Bonita's income statement for 2020? $146000. $134000. $0. $126000 Save for Later