Question One Truck Limited is a company involved in the transportation industry. Truck Ltd employs 500 drivers, 50 managers and 10 directors Truck drivers work long hours, often driving through the night to ensure that Truck Limited's reputation of always being on time is maintained. As a result, truck drivers are rewarded with 40 days leave per year (more than other staff members). On average truck drivers earn C123 000 per annum The managers work in shifts and are comfortably accommodated at their office near the business premises. Managers are granted 30 days leave and eam an average of C212 000 per annum. The directors are an integral part of the company, and as a result, are of the opinion that they cannot be away from work for extended periods of time. Consequently, each director only receives 20 days of leave per year. All the directors earn an annual income of C500 000. Leave accruing to an employee during any given year, must be taken by the end of the next financial year or it will be forfeited. Leave may not be converted into cash. Truck Limited operates on a 5 day working weck. The year ended 31 December 20X6 has 365 days. On 31 December 20X6, the following information was available: Average unused Number of Average number of days employees days that will be expected to leave taken in next financial in next financial year year Drivers 10 50 Managers 7 Directors 7 * Employees are expected to leave early in 20X7 and will not take their leave. Required: a) Determine the provision that would need to be raised for each type of employee. b) Joumalise the entries that would be necessary to account for paid vacation leave for the year ended 31 December 20X6