SMITH RECORDED THE FOLLOWING JOURNAL ENTRY AT THE BEGINNING OF 2020 TO REFLECT AN HOURLY WAGE INCREASE: WAGE EXPENSE 12,320 VACATION WAGES PAYABLE 9,240 SICK WAGES PAYABLE 3,080 SMITH HAS 70 EMPLOYEES WHO WORK 8 HOURS PER DAY. AT THE END OF 2019. EACH EMPLOYEE HAD 6 DAYS OF ACCRUED OR UNUSED VACATION DAYS. REQUIRED: WHAT WAS THE HOURLY WAGE INCREASE? (DO NOT ROUND) REQUIRED: HOW MANY DAYS OF ACCRUED SICK TIME DOES EACH EMPLOYEE HAVE AT THE END OF 2019