Vander Company provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $$9,900$ for medical insurance and contribute an additional $5\%$ of the employees$$ $$204,000$ gross salaries to a retirement program.

$(1)$ Record the entry for these accrued $($but unpaid$)$ benefits on December $31.$

$(2)$ Assuming $$5,400$ of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet?