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Use the following information for questions 18-20. Mott Co. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Mott 2.00 each. Mott estimates that 40 percent of the coupons will be redeemed. Data for 2018 and 2019 are as follows: 2018 2019 Bags of dog food sold 500,000 600,000 Leashes purchased 18,000 22,000 Coupons redeemed 120,000 150,000 18.The premium expense for 2018 is a. 25,000 b. 30,000 c. 35,000 d. 50,000 19. The premium liability at December 31, 2018 is a. 7,500. Page 6 of 7 Ilee sign in and use the Web version Activate d. 50,000 Use free at Offic 19. The premium liability at December 31, 2018 is a. 7,500 Page 6 of 7 I b. 10,000 C. 17,500. d. 20,000. 20. The premium liability at December 31, 2019 is a. 11,250. b. 21,250. c. 22,500. d. 42,500