The employees of XYZ Ltd are entitled to 10 weeks long-service leave (LSL) after 10 years of continuous service with the company. The pre-conditional period is 5 years. The following information has been compiled for calculating the liability for long service leave as at 30 June 2021. Number of employees as at 30 June 2021 Aggregate projected salary when LSL vests Aggregate annual salaries for 2020-2021 Years of service as at 30 June 2021 The expected Government bond rate at the time when LSL vests Probability that LSL will vest 22 $950,000 $560,000 4 7% 24% 28 $350,000 $250,000 6 4% 73% 24 $190,000 $180,000 9 3% 100% The total long service leave provision reported in the balance sheet as at 30 June 2020 was $59,982.

Assume that no LSL was taken during the year

. (a) Based on the information provided above calculate the LSL Entitlement that needs to be booked as at 30 June 2021