Las Palmas Company includes onu coupon in each packnu of cereal it sells. A towel is ollered as a premium to cuntomuth who send in 10 coupons. Data for the premium Abflor are 100 Packages o cereal vold Anam Numberdilavels purchased at 140 per towel 2000 Number of towels disunbuted as premium Nualer towels to be distributed as Premium Dext mod 5.000 . lo the 2012 income statement, what amount should be reported as premium expense