Coveyou Cat food Company offers its customers a cat string ball if they send in 2 vouchers from its cat food bags plus they send in $1. The company estimates that 40% of the vouchers will be redeemed. In 2020, the company sold 1,000,000 boxes of Cat food and customers redeemed 300,000 vouchers receiving 150,000 cat string balls. If the cat string balls cost Coveyou $1.5 each, how much liability for outstanding premiums should be recorded at the end of 2020? use commas but do not use dollar signs