please help with accounting problems..thank you so much

Puppy Company includes one coupon in each bag of dog food it sells In return for 5 coupons, customers receive a toy dog that the company purchases for $1.20 each Puppy company's experience indicates that 60% of the coupons will be redeemed. Information for 2012 is as follows: 2012 Bags of Dog Food Sold 100.000 Toys Purchased 12,000 40,000 Coupons Redeemed The amount of estimated liability for premiums on the 1231/12 balance sheet is: Select one: O a. $0 O b. $2,400 O c. $4,800 O d. $6,000 O e. $8,000 Lott Co. has outstanding 20,000 shares of 8% preferred stock with a $10 par value and 100,000 shares of $3 par value common stock. Dividends have been paid every year except last year and the current year. If the preferred stock is cumulative and fully participating and $101,000 is distributed, the common stockholders wi receive: Select one: O a. $0 O b. $51,000 O c. $61,000 O d. $69,000 O e. $85,000