Larkspur Company offers a set of building blocks to customers who send in 3 UPC codes from Larkspur cereal, along with 40c. The block sets cost Larkspur $1.10 each to purchase and 70 each to mail to customers. During 2020, Larkspur sold 1.152,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 2020, 115,200 UPC codes were redeemed. Prepare Larkspur's December 31, 2020, adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)