Fuller Food Company distributes coupons which may be presented (on or before a stated expiration date) to grocers. The grocers are reimbursed when they send the coupons to Fuller. In Fuller's experience, 50% of such coupons are redeemed, and generally one month elapses between the date a grocer receives a coupon from a consumer and the date Fuller receives it. During 2018 Fuller issued two separate series of coupons as follows: Issued On 1/1/18 7/1/18 Total Value $500,000 720,000 Consumer Expiration Date 6/30/18 12/31/18 Amount Disbursed as of 12/31/18 $236,000 250,000 The December 31, 2018 balance sheet should indicate a liability for unredeemed coupons of: Select one: a. $0 b. $14,000 c. $110,000 d. $124,000 e. $360,000