Snow Co. began operations on January 2, 2014. It employs 16 people who work 8-hour days. Each employee earns 10 paid vacation days annually. Vacation days may be taken after January 10 of the year following the year in which they are earned. The average hourly wage rate was $18 in 2014 and $19.00 in 2015. The average vacation days used by each employee in 2015 was 9. Yates Co. accrues the cost of compensated absences at rates of pay in effect when earned