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The following are three independent situations. 1. Sarasota Rewards Inc. provides rewards services to licensees. Sarasota records service revenue related to rewards (granted as reward vouchers, which can be redeemed at a variety of retailers) and recognizes the cost of redemptions in the year vouchers are sold to licensees. Sarasota's past experience indicates that only 80% of the vouchers sold to licensees will be redeemed. Sarasota's liability for stamp redemptions was $14,086,200 at December 31, 2024. Additional information for 2025 is as follows. If all the vouchers sold in 2025 were presented for redemption in 2026, the redemption cost would be $5,420,400, What amount should Sarasota report as a liability for voucher redemptions at December 31,2025 ? Liability for stamp redemptions at December 31,2025 2. In packages of its products, Ivanhoe Inc. includes coupons that may be presented at retail stores to obtain discounts on other. Ivanhoe products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Ivanhoe honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Ivanhoe estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Ivanhoe during 2025 is as follows. What amount should ivanhoe report as a liability for unredeemed coupons at December 31, 2025? Liability for unredeemed coupons i 5 3. Shamrock Compary sold 695,800 bones of pie mix under a new sales promotional program. Each bor contains one coupon, which. subratted with 54.40 , entites the customer to a baking pan shamrock pars $6.40 per pan and 5090 for handling and shipoing Shamreck estimutes that 70x of the coupons will be redeemed, even though only 268.600 coupons had been processed during 2025. What amount phould Shamrock report as a liability for unredeemed coupons at December 31, 2025? Hatiliay for unedueined ciupons at Decembes 31,2025