Cracker Corporation began a special promotion in July 2018 in an attempt to increase sales. A coupon was included in various print advertisements. Customers could send in five coupons to receive $2.40. Cracker's management estimated that 65% of the coupons would be redeemed. For the six months ended December 31, 2018, the following information is available Coupons distributed Coupons redeemed 2,800,000 568,000 Required Record all necessary journal entries for the coupon offer for 2018. (If no entry is required for a transaction event, select "No journal entry required" in the first account field.) View transaction listView journal entry worksheet 0 Transaction General Journal Debit Credit Promotional expense Estimated liabilities 873,600 873,600 Cash 272,640 Estimated liabilities 272,640