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EPISTO Current Attempt in Progress Marin offers an MP3 download (seven-single medley) as a premium for every 5 candy bar wrappers presented by customers together
EPISTO Current Attempt in Progress Marin offers an MP3 download (seven-single medley) as a premium for every 5 candy bar wrappers presented by customers together with $260. The candy bers are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $235. In addition, it costs 50 cents to distribute each code. The results of the premium plan for the years 2020 and 2021 eres follows. All purchases and sales are for cash.) 2020 2021 MP3 codes purchased 365.000 481,800 2,585,300 Candy bars sold 2.861,200 1,752.000 2,190,000 423,400 2020 wrappers expected to be redeemed in 2021 511,000 2022 weppes expected to be redeemed in 2022 Indicate the amounts for each accounts, and classifications of the items related to the premium plan that would appear on the balance sheet and the income statement at the end of 2020 and 2021. Amount Account 2020 2021 Classification Inventory of Premiums $ 857750 $ 1029300 Premium Liability Premium Expense
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