Jo Yummy Rice Cereal started a program at the beginning of 2021 in which it would provide an all-star bom in exchange for three proof of-purchase box tops. Yummy Rice estimates that 30% of box tops will be redeemed The bowls cost Yummy Rice 5160 each. In 2021 4760,000 boxes of cereal were sold. By year-end 894,000 box tops had been redeemed. Required: Calculate the premium expense that Yummy Rice should recognize for the year ended December 31, 2021 Premium expense