Culver Corp. offers its customers a 5-piece knife set in exchange for $11 and the purchase of its CC Cookware set. The company purchased 2,930 units of the 5-piece knife sets at $15 each. It estimates that 70% of customers will participate in the promotion and that 5% of the amount received from customers relates to the awarded premiums. In 2021, the company sold 3,680 cookware sets at a sales price of $113 resulting in sales revenue of $415,840. By the end of the year, 2,460 customers took advantage of the promotion. Prepare the appropriate journal entries assuming Culver follows IFRS and uses the revenue approach. Ignore any cost of goods sold entry. (Round intermediate calculations to 5 decimal places, e.g. 1.54657 answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)