Comprehensive Company is a manufacturer that sells its products to local retailers. Retailers sell the product to their customers and for each product purchased by the customers, a coupon of 100 discount is given and may be used on future purchase of the same product. Retailers are reimbursed for the discount by the manufacturer when customers redeem their coupons. During 20x1, the manufacturer sold 10,000 products to the retailers at 550 each product. It is expected that 75% of the coupons will be redeemed. By December 31, 20x1, the manufacturer had paid the retailers 500,000 as reimbursement. What amount should Comprehensive Company record as rebate liability for 20x1