Vancouver Ltd. has 32 employees who work 8-hour days and are paid hourly. On January 1, 2020, the company began a program of granting its employees 10 days paid vacation each year. Vacation days earned in 2020 may be taken starting on January 1, 2021. Information relative to these employees is as follows:

Hourly

Wages

$20

Vacation Days Earned

by Each Employee

10

Vacation

Days Used

Year

Employee

2020

0

2021

7

2022

10

Vancouver has chosen to accrue the liability for compensated absences (vacation pay) at the current rates of pay in effect when the vacation pay is earned.

What is the amount of the Vacation Wages Payable that should be reported at December 31, 2022?