ACCT 217 - Intermediate Financial Accounting 3 Assignment #1 LO 1 - Chapter 13 Name: 1. Amatronics Inc. has a vast library of books that it sells globally. Amatronics recently launched a 7 marks line of health and well-being ebooks. To promote this line, Amatronics offers an ereader as a premium for customers who purchase a set number of ebooks and pay a cash fee. Information pertaining to the promotional campaign for the 2023 year follows: Number of ebooks sold in 2023 Selling price per ebook Number of ereaders purchased for the promotional campaign Number of ebooks actually redeemed by customers for ereaders Total number of ebooks expected to be redeemed by customers for ereaders Cost to Amatronics to purchase a single ereader Number of ebooks that must be redeemed to receive the ereader Fee to be paid by customer to receive the ereader Amatronics has a November 30 year end and follows ASPE. Required: Prepare the journal entries required by Amatronics for each of the following: 1. 2. $ $ $ 2,542,000 42 70,702 514,040 714,040 the cost of the ereaders that were actually distributed during 2023. (3 marks) the amount of the liability owing on November 30, 2023. (4 marks) 39 20 10