r Question 7 0 / 4 pts Starting 01-01-19, a company began awarding each of its 15 employees (assume they were all employed continuously through 2019 and 2020) 15 days of paid vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2019, they made $25 per hour; in 2020 they made $26 per hour; in 2021 they will make $28 per hour. During 2020, each employee took an average of 11 vacation days. The company's policy is to record the liability existing at the end of each year at the wage rate that will be in effect during the following year. What amount of vacation expense will be reflected on the company's 2020 income statement? $47,760 $51,360 $50,400 $34,320