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In 2024, Holyoak incorporated offers a coupon for $20 off-qualifying purchases of its new line of products. Holyoak sold 10,200 of these products during the

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In 2024, Holyoak incorporated offers a coupon for $20 off-qualifying purchases of its new line of products. Holyoak sold 10,200 of these products during the year By year-end of 2024, 7,300 coupons had been redeemed and the $20 reduction of purchase price provided to customers. Holyoak's historical experience with such coupons indicates that 85% of customers use the coupon. Holyoak recogntzes coupon expense in the period coupons are issued. What is the expense that Holyoak should report for its promotional coupons in its 2024 income statement? Multiple crioice $146000 $156200 $173,400 5204.000

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