9. Pine Company offers a coffee mug as a premium for every ten P2.50 candy bar wrappers presented by customers together with P10.00. The purchase price of each mug to the company is P8.00; in addition, it costs P5.00 to mail each mug. The results of the premium plan for the years 2020 and 2021 are as follows (assume all purchases and sales are for cash): 2020 2021 Coffee mugs purchased 480,000 400,000 Candy bars sold 3,750,000 4,500,000 Wrappers redeemed 1,900,000 2,800,000 2020 wrappers expected to be redeemed in 2021 1,300,000 2021 wrappers expected to be redeemed in 2022 1,800,000 What is the amount of premium liability in the December 31, 2021 balance sheet? Group of answer choices 840,000 1,380,000 990,000 540,000 10. Xoiswa Company manufactures a product that is packaged and sold. A plate is offered to customers sending in three wrappers accompanied by a remittance of P10. Data with respect to the premium offer are summarized below: 2018 2019 Sales 3,600,000 4,200,000 Purchase of premium, P50 per plate 390,000 580,000 Number of plates distributed as premiums 5,000 9,000 Estimated number of plates to be distributed in next period 2,000 3,000 Distribution cost P20 per plate What is the premium expense for 2019? Group of answer choices 400,000 700,000 720,000 600,000