Sachz Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2020, Sachz Company purchased 9,300 premiums at 80 cents each and sold 117,000 boxes of soap powder at $3.60 per box; 47,900 coupons were presented for redemption in 2020. It is estimated that 60% of the coupons will eventually be presented for redemption. Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2020.