skyson company began operations on january 2,2025. it employs 10 individual who work 8-hours days and are paid hourly.each employee earns 11 paid vacation days and 7 paid sick days annually. bacation days may be taken after january 15 of the year following the year in which they are earned. sick days may be taken as soon as they are earned; unused sick days accumulate. additional informatiin is as follows. actual hourly wage rates 2025.$11,2026,$13. vacation days used by each employee, 2025 0,2026,10. sick days used by each employee, 2025,5,2026,6. skyson company has chosen not to accrue paid sick leave until used,and has chosen to accrue vacation time at expected future rates of pay without discounting. the company used the following projected rates to accrue vacation time. year in which vacatiin time was earned 2025, 2026. projected future pay rates used to accrue vacation. 2025..$12.30 and 2026..$13.20. prepare journal entries to record transactions related to compesated abscenses during 2025 and 2026. if no entry is require select no entry and enter 0. to acrue expense and liability vacatiins,,, to record sick leave paid,,, to accrue the expense the liability for vacations. to record sick leave paid.. to record vacation time paid. B compute the amounts of any liability fir compensated absences that should be reported on the balance sheet at december 2025 and 2026.