At the end of the year, Clinton recognized a provision equal to the estimated cost of potential prizes outstanding. What is the amount of this provision?

The Clinton Company launched a new sales promotional program. For every 10 chewing gum box tops returned to Clinton, customers receive an attractive prize. Clinton estimates that 40% of the chewing gum box tops reaching the consumer market will not be redeemed. Additional information is as follows: Sales of chewing gum(in boxes) Purchase of prizes by Clinton Prizes distributed to customers Units P3,000,000 80,000 42,000 Amount P3,600,000 40,000