In an effort to increase sales, Moore Company began a sales promotion campaign on June 30, 2014. Part of this promotion included placing a special coupon in each package of candy bars sold. Customers were able to redeem ten coupons for a baseball. Each premium costs Moore S1.50. Moore estimated that 70 percent of the coupons issued will be redeemed. For the six months ended December 31, 2014, the following information is available: Packages of candy bars sold 3, 600,000 172,000 1,425,000 . . . . . . . .. . . . . . .. What is the estimated liability for premium claims outstanding at December 31, 2014? ANS