Crane Company includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a lea

[answerhappygod]

Crane Company includes one coupon in each bag of dog food
it sells. In return for eight coupons, customers receive a leash.
The leashes
cost Crane $3 each. Crane estimates
that 50 percent of the coupons will be redeemed. Data for
2020 and 2021 are as follows:
The premium liability at December 31, 2021 is
$52500.
$112500.
$60000.
$30000.