General Product Inc. distributed 120 million coupons in 2021. The coupons are redeemable for 20 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2022. There were 55 million coupons redeemed in 2021 and 42 million redeemed in 2022. General recognizes coupon expense in the period coupons are issued. What was General's coupon promotional expense in 2022?

Multiple Choice

• $8.4 million.

• Zero, since the entire coupon expense was recognized in 2021.

• $2.6 million.

• $5.8 million.