Sunland Companyincludes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes costSunland$4each.Sunlandestimates that40percent of the coupons will be redeemed. Data for 2017 and 2018 are as follows:

2017 Bags of dog food sold 520000 Leashes purchased 18000 Coupons redeemed 110000

2018 Bags of dog food sold 610000 Leashes purchased 22000 Coupons redeemed 150000

The premium liability at December 31, 2017 is?

A $47,000.00

B $37,000.00

C $59,000.00

D $49,000.00