Problem 13-09 (Part Level Submission) Bonita offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers presented by customers together with $3.40. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $3.15. In addition, it costs 50 cents to distribute each code. The results of the premium plan for the years 2020 and 2021 are as follows. (All purchases and sales are for cash.) 2020 2021 MP3 codes purchased 345,000 455,400 Candy bars sold 2,998,000 2,809,300 Wrappers redeemed 1,656,000 2,070,000 2020 wrappers expected to be redeemed in 2021 400,200 2021 wrappers expected to be redeemed in 2022 483,000 (a) (b) 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 2020 2021 Classification Account Inventory of Premiums Premium Liability Premium Expense