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Question 131 pts Use the information for the next four (4) questions. Charlene Company included...

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Question 131 pts Use the information for the next four (4) questions. Charlene Company included one coupon in each box of cereal sold. A bowl was offered as a premium to customers who send in 15 coupons and a remittance of P15. Distribution cost of premium is P7.5. Experience indicated that only 30% of the coupons will be redeemed. 2020 2021 Boxes of cereal sold 3,000,000 3,750,000 Number of bowls purchased at P75 each 75,000 120,000 Coupons redeemed 600,000 1,050,000 What is the premium expense for 2020? Flag this Question Question 141 pts What is the premium liability on December 31, 2020? Flag this Question Question 151 pts What is the premium expense for 2021? = Flag this Question Question 161 pts What is the premium liability on December 31, 2021? Flag this Question Question 171 pts On the first day of each month, Bell Company received from Kaye Company an escrow deposit of P375,000 for real estate taxes. The entity recorded the P375,000 in an escrow account. Kaye's 2020 real estate tax is P4,200,000, payable in equal instalments on the first day of each calendar quarter. On January 1, 2020, the balance in the escrow account was P450,000. On September 30, 2020, what amount should be reported as an escrow liability

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