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

[answerhappygod]

Sheridan Company includes one coupon in each bag of dog
food it sells. In return for eight coupons, customers receive a
leash. The leashes
cost Sheridan $3 each. Sheridan estimates
that 60 percent of the coupons will be redeemed. Data for
2020 and 2021 are as follows:
The premium liability at December 31, 2020 is
$86250.
$74250.
$64250.
$67500.