products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Crane honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Crane estimates that 30% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Crane during 2025 is as follows: What amount should Crane report as a liability for unredeemed coupons at December 31, 2025? Liability for unredeemed coupons $ 3. Blossom Company sold 1,040,000 boxes of cereal under a new sales promotional program. Each box contains one coupon, which submitted with $1.00, entitles the customer to a stuffed animal. Blossom pays $4.00 per stuffed animal and $1.10 for handling and shipping. Blossom estimates that 40% of the coupons will be redeemed, even though only 109,400 coupons had been processed during 2025. What amount should Blossom report as a liability for unredeemed coupons at December 31, 2025? Liability for unredeemed coupons at December 31, 2025 $