Stevens Corp has an employee benefit plan for compensated absences that gives employees 15 paid vacation days that can be carried over indefinitely or employees can receive payment in lieu of vacation. The company's December 31, 2009 unadjusted balance of liability for compensated absences was $30,000. The company estimated 200 vacation days available and employees earned $150 per day. What is the liability for compensated balances on December 31, 2009: