Current Attempt in Progress To increase sales, Wildhorse Inc., a public company following IFRS, implemented a customer loyalty program that rewards a customer with one loyalty point for every $25 of merchandise purchased. Each point is redeemable for a $2.00 discount on any purchases of Wildhorse merchandise in the next three years. After the program launched, during 2023, customers bought merchandise for $257,500 (all products are sold to provide a 35% gross profit) and earned 10,300 points redeemable for future purchases. The stand- alone selling price of the mercha@dise sold is $257,500. Based on prior experience with incentive programs like this, Wildhorse expects 7,700 points to be redeemed related to these sales. Prepare the journal entries for cash sales including the issuance of loyalty points for Wildhorse in 2023. (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 O for the amounts. Round percentage allocations to 2 decimal places, e.g. 52.75% and final answers to O decimal places, e.g. 5,275. List all debit entries before credit entries.) Account Titles and Explanation I (To record cash sales of products subject to loyalty points) (To record cost of goods sold) Debit Credit P