Seybert Systems accounts for its investment in Wang Engineering bonds as available-for-sale. Seybert's balance in accumulated other comprehensive income with respect to the Wang investment is a credit balance of $20,000, and Seybert reports the investment as $100,000 on its balance sheet. Seybert purchased the Wang investment for (ignore taxes): Multiple Choice $100,000. $80,000. Cannot be determined from this information. In 2024, Holyoak Incorporated offers a coupon for $20 off qualifying purchases of its new line of products. Holyoak sold 10,000 of these products during the year. By year-end of 2024, 7,100 coupons had been redeemed and the $20 reduction of purchase price provided to customers. Holyoak's historical experience with such coupons indicates that 85% of customers use the coupon. Holyoak recognizes coupon expense in the period coupons are issued.

What is the coupon promotion liability that Holyoak should report in its December 31, 2024, balance sheet?