The following are three independent situations. 1. Swifty Rewards Inc. provides rewards services to licensees. Swifty 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. Swifty's past experience indicates that only 80% of the vouchers sold to licensees will be redeemed. Swifty's liability for stamp redemptions was $13,883,200 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 $5,639,500. What amount should Swifty report as a liability for voucher redemptions at December 31, 2025? Liability for stampredemptions at December 31,2025$ 2. In packages of its products. Nash Inc. includes coupons that may be presented at retail stores to obtain discounts on other Nash products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Nash honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Nash estimates that 60% of all coupons issued will ultimately be redeemed, Information relating to coupons issued by Nash during 2025 is as follows. What amount should Nash report as a liability for unredeemed coupons at December 31, 2025? 2. In packages of its products, Nash Inc. includes coupons that may be presented at retail stores to obtain discounts on other Nash products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Nash honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Nash estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Nash during 2025 is as follows. What amount should Nash report as a liability for unredeemed coupons at December 31,2025 ? Liability for unredeemed coupons 3. Crane Company sold 719,500 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. Crane pays $7.00 per pan and $1.50 for handling and shipping. Crane estimates that 70% of the coupons will be redeemed, even though only 247,900 coupons had been processed during 2025 . What amount should Crane report as a liability for unredeemed coupons at December 31, 2025? Liability for unredeemed coupons at December 31,2025$