Muggs Co. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Muggs $3 each. Muggs estimates that 45 percent of the coupons will be redeemed. Data for 2014 and 2015 are as follows:

		2014		2015
Bags of dog food sold		500,000		600,000
Leashes purchased		18,000		22,000
Coupons redeemed		120,000		150,000

Determine the premium expense for 2014.