Wally Whimpy, Inc. provides paid vacations to its employees.At December 31, 2015, 28 employees have earned two weeks vacation time. The average employee is paid $425 per week in 2015, but it is anticipated that wages may be increased by as much as 3% in 2016.How much should Wally Whimpy, Inc reflect as accrued vacation on its December 31, 2015 balance sheet?

$22,213

$26,434

$24,514

$23,800