Puppy Company includes one coupon in each bag of dog food it sells. In return for 4 coupons, customers recetve a toy dog that the company purchases for $120 each. Puppy Company's experience indicates that 60% of the coupons will be redeemed. Information for 2020 is as follows The amount of estimated liability for premiums on the 12/31/20 balance sheet is: Select one a. 56.000 b. $18,000 c. $24,000 d. 535,000 e. $48,000