The following are three independent situations. 1. Indigo Rewards Inc. provides rewards services to licensees. Indigo records service revenue related to rewards (granted as reward vouchers, which can be redeemed at a variety of retailers) and recognizes the cost of redemptions in the year vouchers are sold to licensees. Indigo's past experience indicates that only 80% of the vouchers sold to licensees will be redeemed. Indigo's liability for stamp redemptions was $12,937,100 at December 31,2024 . Additional information for 2025 is as follows. If all the vouchers sold in 2025 were presented for redemption in 2026 , the redemption cost would be $5,501,200. What amount should Indigo report as a liability for voucher redemptions at December 31,2025 ? Liability for stamp redemptions at December 31, 2025$ 2. In packages of its products, Sweet Inc. includes coupons that may be presented at retail stores to obtain discounts on other Sweet products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Sweet honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Sweet estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Sweet during 2025 is as follows. What amount should Sweet report as a liability for unredeemed coupons at December 31, 2025? Liability for unredeemed coupons $ 3. Pharoah Company sold 648,200 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with $5.00, entitles the customer to a baking pan. Pharoah pays $7.00 per pan and $1.50 for handling and shipping. Pharoah estimates that 70% of the coupons will be redeemed, even though only 238,000 coupons had been processed during 2025 . What amount should Pharoah report as a liability for unredeemed coupons at December 31,2025 ? Liability for unredeemed coupons at December 31, 2025