Modern Music gives its customers coupons which are redeemable for a poster plus a Stomp DVD. One coupon is issued for each dollar of sales. During the current year, Modern bought 0,000 posters and 30,000 DVDs. Further information about the coupons is as follows 100 $5.00 80% $1,062,000 367,800 1,122,000 929,800 $2.00 $5.00 Number of coupons customer must present to receive poster and DVD Amount of cash paid by customer to receive poster and DVD Total coupons estimated to be redeemed Sales for Year 1 Number of coupons actually redeemed in Year 1 Sales for Year 2 Number of coupons actually redeemed in Year 2 Purchase price of posters Purchase price of DVDs Assume that Modern Music follows ASPE Required 1. Prepare the journal entry for the purchase of the posters and DVDs (2 marks) 2. Prepare the journal entry for the coupons redeemed during Year 1 (4 marks) 3. Prepare the journal entry for the estimated liability for unredeemed coupons at the end of Year 1 (5 marks) 4. Prepare the journal entry for the coupons redeemed during Year 2 (4.5 marks) 5. Prepare the journal entry for the estimated liability for unredeemed coupons at the end of Year 2 (5.5 marks)