Stark Company has 25 employees who work 8-hour days and are paid hourly. On January 1, 2013, the company began a program of granting its employees 12 days of paid vacation each year. Stark has chosen to accrue the liability for compensated absences (PTO) at the current rates of pay in effect when the PTO is earned. Vacation days earned in 2013 may first be taken on January 1, 2014. Information relative to these employees is as follows: Vacation Days Used by Each Vacation Days Earned By Each Year 2013 Hourly Wage Employee Employee $10.50 12 0 2014 $12.50 12 7 2015 $15.50 12 11 What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2015