Vander Company provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $10,100 for medical insurance and contribute an additional 4% of the employees' $206,000 gross salaries to a retirement program. (1) Record the entry for these accrued (but unpaid) benefits on December 31. (2) Assuming $5,600 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. Assuming $5,600 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Retirement liabilities to employees who will not be paid retirement benefits within the next year are classified on the balance sheet as /ander Company provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $10,100 for nedical insurance and contribute an additional 4% of the employees' $206,000 gross salaries to a retirement program. 1) Record the entry for these accrued (but unpaid) benefits on December 31. 2) Assuming $5,600 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current palance sheet? Complete this question by entering your answers in the tabs below. Record the entry for these accrued (but unpaid) benefits on December 31 . Journal entry worksheet Note: Enter debits before credits