16 25points Exhibit 9-1 The Happy Cereal Company includes a permian in each box of its cereal. For sox premiums, customers are entitled to a plastic wiggle worm that costs Happy $2.8 each. Happy expects 60% of the premiums to be redeemed In 2020, Happy sold 500,000 bones of cereal and dutributed 25,000 wiggle woma Refer to Exhibt 9-1. What is Happy's premu expense for 2030 $140,000 $337.500 $235,000 $187,500