Metlock Rewards Inc. provides rewards services to licensees. Metlock records service revenue related to rewards $($granted as reward vouchers, which can be redeemed at a variety of retailers$)$ and recognizes the cost of redemptions in the year vouchers are sold to licensees. Metlock's past experience indicates that only $80\%$ of the vouchers sold to licensees will be redeemed. Metlock's liability for stamp redemptions was $$13,767,500$ at December $31,2024.$ Additional information for $2025$ is as follows.

Service revenue from vouchers sold to licensees

$$9,611,600$

Cost of redemptions $($vouchers sold prior to $\frac{1}{1}\frac{?}{25})$

$5,796,400$

If all the vouchers sold in $2025$ were presented for redemption in $2026,$ the redemption cost would be $$5,118,800.$ What amount should Metlock report as a liability for voucher redemptions at December $31,2025?$

Liability for stamp redemptions at December $31,2025$

$

$2.$ In packages of its products, Bonita Inc. includes coupons that may be presented at retail stores to obtain discounts on other Bonita products. Retailers are reimbursed for the face amount of coupons redeemed plus $10\%$ of that amount for handling costs. Bonita honors requests for coupon redemption by retailers up to $3$ months after the consumer expiration date. Bonita estimates that $60\%$ of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Bonita during $2025$ is as follows.

Consumer expiration date

Total face amount of coupons issued

Total payments to retailers as of $\frac{12}{31}\frac{?}{25}$

$\frac{12}{31}\frac{?}{25}$

$$768,700$

$340,360$

What amount should Bonita report as a liability for unredeemed coupons at December $31,2025?$

Liability for unredeemed coupons

$

$3.$ Windsor Company sold $713,900$ boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with $$4\mathrm{.}30,$ entitles the customer to a baking pan. Windsor pays $$6\mathrm{.}30$ per pan and $$0\mathrm{.}80$ for handling and shipping. Windsor estimates that $70\%$ of the coupons will be redeemed, even though only $264,400$ coupons had been processed during $2025.$

$3.$ Liability for unredeemed coupons at decemeber $31,2025$