Sheffield Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops from Sheffield Frosted Flakes boxes and $2. The company estimates that 60% of the baxtops will be redeemed. In 2018, the company sold 1351000 boxes of Frosted Flakes and customers redeemed 660000 boxtops receiving 220000 bowis. If the bowls cost Sheffield Company $4 cach, how much liability for outstanding premiums should be recorded at the end of 2018? $ 276400 $ 100400 $ 546400 520800