Aaron Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2024, Aaron Company purchased 8,800 premiums at 90 cents each and sold 120,000 boxes of soap powder at $3.30 per box. It is estimated that 40% of the coupons will eventually be presented for redemption. 44,000 coupons were presented for redemption in 2024 Premium Expense for 2024 is: a. $360 b. $15,840 c. $158,400 d. $4,320 e $3,600