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 $4 each. Muggs estimates that 45 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows: Bags of dog food sold Leashes purchased Coupons redeemed 2020 500,000 18,000 120,000 2021 600,000 22,000 150,000 The premium expense for 2020 is Select one: A. $60,000 O B. $112,500. C. $250,000 D. $100,000 Next page