Cullumber Co$.$ includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a

leash. The leashes cost Cullumber $$3$ each. Cullumber estimates that $60$ percent of the coupons will be redeemed. Data

for $2025$ and $2026$ are as follows:

The premium expense for $2025$ is

$$70500.$

$$110500.$

$$117000.$

$$195000.$