Kane Candy Company offers com as a premium for every te si candy bar wrapper presented by customers together with 2. The purchase price of each mug to the company is $180. In addition it costs $1.20tomallachnu The results of the premium plantor the years 2017 and 2018 are as follows assume all purchases and sales are for cash 2017 2018 College 74000 780000 Candy bard 5.800000 6.250.000 Wrapers remed 2.500.000 4.220.000 2017 expected to be redeemed in 2013 1.900.000 2018 .peceto berendis 2019 2720000 Part 1 the amount is entered. De sat indent manually Prepare the r ural entries that could be made in 2017 and 2018 related to the aboven by Kane Candy Credit accountles are automatically indented at Date Account Titles and Explanation Debat Credit To record purchase of coffee mugs 2017 (To record sale of candy bars) (o record coffee mugs offered for wrappers redeemed) against expected redemption of wrappers in 2018) (to record 2018 Coco purchase of coffee mugs 2018 God sale of candytas) to record coffee mugs offered for wracer redeemed 2018 (To record it against expected redemption of wrappers in 2019) Part 2 Indicate the account names, amounts, and classifications of the items related to the premium plan that would appear on the Kane Candy Company balance sheet and income statement at the end of 2017 and 2018. Balance Sheet Account Name Class 2017 2018 Income Statement Account Name 2017 2018 e Textbook and Media List of Accounts