During 2018, Deluxe Leather Goods issued 728,000 coupons which entitles the customer to a $4.30 cash refund when the coupon is submitted at the time of any future purchase. Deluxe estimates that 70% of the coupons will be redeemed. 265,000 coupons had been processed during 2018. At December 31, 2018, Deluxe should report a liability for unredeemed coupons of: