Year 1, $2,492,000; and Year 2, $2,604,000. There was no carryover of vacation time earned in Year 2 . Required a. Provide the entries in Year 1 to record (1) salaries, and (2) accrued compensated absences. Disregard payroll taxes. b. Provide the entry in Year 2 to record salaries. Disregard payroll taxes. c. Show how the effects of the transactions should be reported in the Year 1 and Year 2 financial statements