Multiple Choice Question 52 Bonita Incorporated sells fishing lures and monofilament leader material. During June, Bonita cstributed 7700 coupons to receive a free lure to each customer who purchased a dozen spools of monofament leader material. Through December 31, 2017 Bonita honored 1100 coupons redeemed. Bonita expects a total of 5000 total coupons to be redeemed. Bonitas lures for $1.00 each. The cost of each lure to Bonita is 40 cents. How much should Bonita report as a ty at December 31, 2017? 57700 51560 53120 52000