Kristol Glass Company [KGC] provides its 100 employees with a comprehensive benefits package. As part of this package, KGC allows each of its 100 employees 12 paid sick days per year. The average wage rate for the current year is $140 per day. If employees do not take the sick days in the current year, the days carry over indefinitely and will be paid to the employee when claimed. In 2023, employees took 60% of the days during the current year and carried over the remaining sick days. Assume there were no sick days carried over from 2022. Required 1. Prepare the journal entry to record the sick days for 2023. 2. Prepare the journal entry required to record the payment of the sick days remaining from 2023 in the following year assuming that employees take all remaining days carried over. Ignore the sick days earned in 2024. 3. Independent of your answers to parts (1) and (2) above, now assume that the wage rate increased to $147 per day in 2024. Prepare the journal entry to record the sick days taken in 2024 assuming that all sick days carried over from 2023 were the ones taken.