141 142 143 144 Current Liabilities Premiums (6) Kane Candy Company offers a coffee mug as a premium for every ten si candy bar wrappers presented by customers together with $1.00 The purchase price of each mug to the company is $2.00; in addition, it costs $1.95 to mail each mug. The results of the premium plan for the years 2017 and 2018 are as follows (assume all purchases and sales are for cash): 2017 750,000 5,800,000 3,200,000 2018 950,000 6,850,000 4,800,000 Coffee mugs purchased Candy bars Sold Wrappers Redeemed 2017 wrappers expected to be redeemed in 2018 2018 wrappers expected to be redeemed in 2019 2,000,000 156 2,500,000 158 What is the balance in the inventory of premiums account at 12/31/2018? 159 160 161 162 What is the amount of Premium Expense at 12/31/2018? CE Depn, Intangibles, Current Lia Bonds, Fun-Money TDR Equity What is the balance in the Liability for Premium at 12/31/2018? mo Depn, Intangibles, Current Lia Bonds. Fun-Money TDR E