Question 14 of 40 < > View Policies Current Attempt in Progress -/1 E : Crane Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops from Crane Frosted Flakes boxes and $1. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 1340000 boxes of Frosted Flakes and customers redeemed 630000 boxtops receiving 210000 bowls. If the bowls cost Crane Company $3 each, how much liability for outstanding premiums should be recorded at the end of 2021? $116000 O $292000 O $174000 O $536000 Save for Later Attempts: 0 of 1 used Submit Answer