1. (17 points) Wynn Company offers a set of building blocks to customers who send in 2 UPC codes from Wynn cereals. The block sets cost Wynn $1.10 each to purchase, plus S.60 each to mail to customers. Wynn purchased 200,000 sets of blocks. 1.70 x 200,000 - 340,000 During 2020, Wynn sold 1,200,000 boxes of cereal. The company expects 30% of the UPC codes to be used for the blocks. During 2020 individual codes of 150,000 were redeemed. a. Compute the ending balance in Product Premium EXPENSE. b. Compute the ending balance of Product Premium LIABILITY