Testbank Multiple Choice Question 124 Oriole Frosted Flakes Company offers its customers a pottery cereal bowl they send in 3 baxtops from Orole Frosted Pakes boxes and $2. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 1353000 boxes of Frosted Flakes and customers redeemed 660000 boxtops receiving 220000 bowls. If the bowls cost Oriole Company $4 each, how much lability for outstanding premiums should be recorded at the end of 20217 $541200 $101200 O $202400 O $277200