Novak Corp. offers a set of building blocks to customers who send in three codes from Novak cereal, along with $$1\mathrm{.}00.$ Novak purchased $96,000$ building block sets in $2023$ for $$2\mathrm{.}80$ each, and paid for them by cash. During $2023,$ Novak sold $0\mathrm{.}96$ million boxes of cereal for $$4$ per box. Novak estimates that $10\%$ of the sales amount received from customers relates to the building block sets to be awarded. Novak expects $30\%$ of the codes to be sent in$,$ and in $2023,230,400$ codes were redeemed.$($To record cash purchase of premiums$)$

$3840000$

Sales Revenue

$($To record cash sales$)$

$$

L

$($To record redemption of codes$)$

$($To adjust unearned revenue$)$