Ritter Company has 35 employees who work 8-hour days and are paid hourly. On January 1, 2003, the company began a program of granting its employees 10 days' paid vacation each year. Vacation days earned in 2003 may first be taken on January 1, 2004. Information relative to these employees is as follows: Hourly Vacation Days Earned Vacation Days Used Year Wages by Each Employee by Each Employee 2003 $17.20 10