Round all journal entry amounts to the nearest dollar. If required, round the number of backpacks to the nearest whole unit (zero decimal places) This year, 2017, Sugarspot Cereal Corporation (SCC) offers a backpack to customers who cut out and send in twelve UPC symbols from the purchase of SCCs family-sized cereal box, along with $5.00. The company's generous offer is a way of thanking its loyal customers as the company celebrates its 50t year in business. SCC purchased 49,000 backpacks for $16.00 and sold 1,675,029 boxes of family-sized cereal at $9.00 a box. SCC estimates that $.45 of the sales price relates to the backpack to be awarded. From its experience, SCC estimates that 35% of the UPCs will be returned for redemption. During 2017, 320,160 UPC symbols were presented for redemption