1. Concord Stamp Company records stamp service revenue and provides for the cost of redemptions in the year stamps are sold to licensees. Concord's past experience indicates that only 80% of the stamps sold to licensees will be redecmed. Concord's liablity for stamp redemptions was $13,548,900 at December 31, 2019. Additional information for 2020 is as follows. If all the stamps sold in 2020 were presented for redemption in 2021, the redemption cost wowld be $4,813,900, What amount should Concord report as a kability for stamp redemptions at December 31,2020 ? Liability for stamp redemptions at December 31, 2020 2. In packafes of its products, Maripold inc includes coupons that may be presented at retall stores to obtain discounts on other Marigold products. Retaders are reimbursed for the face amount of coupons redeemed plis 10 hi of that amount for handing cost: Marigold honars requests for coupon redemption by retailers up to 3 months after the consumer epiration date Mariabld ettimates that eon of all coupons issued will ultimately be redeemed. Infoemation telating to coupons issued by Marigoid during 2020 is as followe What amount should Marigold report as a liability for unredeemed coupons at December 31, 2020? Liability for unredeemed coupons 3. Swifty Company sold 742,300 boxes of ple mix under a new sales promotional program. Each box contains one coupon, which submitted with $4.60, entitles the customer to a baking pan. 5 wifty pays $6.60 per pan and $1.10 for handling and shipping. Swifty estimates that 70% of the coupons will be redeemed, even though only 265,000 coupons had been processed during 2020 . What amount should Switty report as a lability for unredeemed coupons at December 31, 2020? Hability for unredeemed coupons at December 31.2020 \$