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A company includes one coupon in each box of cat food it sells. In return for 20 coupons and a payment of $.14, a customer

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A company includes one coupon in each box of cat food it sells. In return for 20 coupons and a payment of $.14, a customer receives a toy. The company buys the toys in large quantities for $1.10 each. According to past experience, 40% of the coupons are never redeemed. During 201,3,000 toys were purchased, 36,000 boxes of cat food were sold, and 10,000 coupons were redeemed. During 202,4,000 toys were purchased, 34,000 boxes of cat food were sold, and 15,000 coupons were redeemed. What will the company's Coupon Liability balance be at 12/311 ? SHOW YOUR WORK

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