VACATION PAY The Tom Thumb Corporation follows this vacation poliey for its factory workers 1 to 3 years of service: 1 week paid vacation 4 to 12 years of service: 3 weeks paid vacation Over 12 years of service: 4 wecks paid vacation The payroll records show the following information pertaining to next year (all em. ployees work directly on the product): YEARS OF SALARY NAME EMPLOYMENT (WEEKLY 1. Gelati 5 $350 B. O'Hara 2 175 R. Reilly 6 370 F. Maestro 15 425 R. Auerbach 400 K. Sposare 125 T. Fyumo 3 390 Required: a Determine the amount that should be accrued each week for cach employee. b Show next year's journal entry needed to distribute the weekly payroll. The Tom Thumb Corporation uses the perpetual cost accumulation system. To prepare the entry. assume that no employee would be on vacation