Cullumber offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers presented by customers together with $3.25. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $3.00. In addition, it costs 50 cents to distribute each code. The results of the premium plan for the years 2020 and 2021 are as follows. (All purchases and sales are for cash.) MP3 codes purchased 2020 2021 330,000 435,600 Candy bars sold Wrappers redeemed 2020 wrappers expected to be redeemed in 2021 2021 wrappers expected to be redeemed in 2022 2,643,400 2,918,700 1,584,000 1,980,000 382,800 462,000 Prepare the journal entries that should be made in 2020 and 2021 to record the transactions related to the premium plan of the Cullumber. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 1,525.) Account Titles and Explanation (To record the premium inventory.) (To record the sales.) (To record the expense associated with the sale.) (To record the premium liability.) Debit 2020 Credit (To record the premium inventory.) (To record the sales.) (To record the expense associated with the sale.) To record the premium linbility) 2021