Liability for stamp redemptions at even U 2. In packages of its products, Buffalo Inc. includes coupons that may be presented at retail stores to obtain discounts on other Buffalo products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Buffalo honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Buffalo estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Buffalo during 2020 is as follows. Consumer expiration date Total face amount of coupons issued Total payments to retailers as of 12/31/20 12/31/20 $789,800 310,710 What amount should Buffalo report as a liability for unredeemed coupons at December 31, 2020? Liability for unredeemed coupons 3. Carla Company sold 652,100 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with $4.40, entitles the customer to a baking pan. Carla pays $6.40 per pan and $0.90 for handling and shipping Carla