3. Concord Company sold 741,500 boxes of ple mix under a new sales promotional program. Each box contains one coupon, which submitted with $4.10, entities the customer to a baking pan. Concord pays $6.10 per pan and $0.60 for handling and shipping. Concord estimates that 70% of the coupons will be redeemed, even though only 257,600 coupons had been processed during 2020. What amount should Concord report as a liability for unredeemed coupons at December 31, 20207 Liability for unredeemed coupons at December 31, 2020 $ Click if you would like to show Work for this question Open Show Work LINK TO TEXT