Question: Supergreen Grocers, Inc. offered its customers a free baking pan in exchange for 100 green stickers. Customers earn 1 green sticker for each $10 of

Supergreen Grocers, Inc. offered its customers a free baking pan in exchange for 100 green stickers. Customers earn 1 green sticker for each $10 of groceries purchased at Supergreen during 2022. During 2022, Supergreen purchased with cash 1,100 baking pans at $8 each and sold $3.2 million of groceries. Supergreen expects about 38% of its customers to redeem the stickers. In 2023, consumers redeemed 105,000 stickers. Provide all necessary journal entries related to the baking pan offer.

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