1. Indigo Stamp Company records stamp. service revenue and provides for the cost of redemptions in the year stamps are sold to licensees. Indigo's past experience indicates that only 80% of the stamps sold to licensees will be redeemed. Indigo's liability for stamp redemptions was $14,086,200 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 would be $5,420,400. What amount should Indigo report as a liability for stamp redemptions at December 31,2020 ? Liability for stamp redemptions at December 31,2020 2. In packages of its products, Sweet Inc, includes coupons that may be presented at retail stores to obtain discounts on other Sweet products. Retallers are reimbursed for the face amount of couponis redeemed plus 10% of that amount for handiling costs. Sweet. honors requests for coupon redemption by retailers up to 3 montis after the consumer expiration date. Sweet estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by 5 weet during 2020 is as follows. What amount should Sweet report as a liability for unredeemed coupons at December 31,2020 ? Lability for unredeemed coupons 3. Pharoah Company sold 695,800 boxes of pie mix under a new 5a les promotional program. Each box contains one coupon, which submitted with $4.40, entitles the customer to a baking pan. Pharoah pays $6.40 per pan and $0.90 for handling and shipping. Pharoah estimates that 70% of the coupons will be redeemed, even though only 268,600 coupons had been processed during 2020 . What amount should Pharoah report as a liability for unredeemed coupons at December 31,2020 ? Liability for unredeemed coupons at December 31,2020