Current Attempt in Progress Sarasota Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a (a kitchen utensil). In 2020, Sarasota Company purchased 9,700 premiums at 85 cents each and sold 113,000 boxes of s powder at $3.60 per box; 48,200 coupons were presented for redemption in 2020. It is estimated that 60% of the coup eventually be presented for redemption. Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2020. (If no entry required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented whe amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record the premium inventory) (To record the sales) (To record the expense associated with the sale) (To record the premium liability) Save for later