Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $10,200 for medical insurance and contribute an additional 5% of the employees' $207,000 gross salaries to a retirement program. (1) Record the entry for these accrued (but unpaid) benefits on December 31. (2) Assuming $5,700 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the entry for these accrued (but unpaid) benefits on December 31. View transaction list View journal entry worksheet Debit Credit Date Dec 31 General Journal Employee benefits plan payable Cash Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $10,200 for medical insurance and contribute an additional 5% of the employees' $207.000 gross salaries to a retirement program. (1) Record the entry for these accrued (but unpaid) benefits on December 31. (2) Assuming $5,700 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming $5,700 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance shet Retirement liabilities to employees who will not retire within the next year bo reported on the current balance shoot as