On January 1, 2014, Roca Company began marketing a new soft drink. To help promote the soft drink,

the management is offering a special gift, a t-shirt, to each customer who returns 10 bottle caps. The

entity estimated that out of the 250,000 bottles sold in 2014, only 80% will be redeemed. On December

31, 2014, the following information was collected:

Units Amount

T-shirts produced 18,000 1,800,000

T-shirts distributed 15,000

Requirement: What is the estimated premiums liability?