Daisy Diaper Company offers its customers a box of baby wipes if they send in 4 boxtops from Daisy Diaper boxes. The company estimates that 60% of the boxtops will be redeemed. In 2020, the company sold 800,000 boxes of diapers and customers redeemed 352,000 boxtops. The baby wipes cost Daisy Diaper Company $2 each, A. Premium expense for 2020 is 8. Premium liability at December 31, 2020 is 13 TTTT Paragraph Ariel 3 (12) TT. E. E T. 9. 1