18. Crispy Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from Crispy Frosted Flakes boxes and S1. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 800,000 boxes of Frosted Flakes and customers redeemed 352,000 boxtops receiving 88,000 bowls. If the bowls cost Crispy Company S2 cach, how much liability for outstanding premiums should be recorded at the end of 2021? a $240,000 b. $64,000 c. $96,000 d. $134,400