Sephora offers its customers a traveller's gift set as a premium in exchange for $ 40 if the customer purchases one of the top brand cosmetic makeup kits. The company purchased for cash 2,000 gift sets at $ 45 each. It estimates that 70% of customers will participate in the promotion and that 10% of the amount received from customers relates to the awarded premiums. In 2021, the company sold 3,000 makeup kits at a sales price of $ 100 resulting in sales revenue of $ 300,000. By the end of the year, 1,500 customers took advantage of the promotion. Required: a) Prepare the appropriate journal entries assuming that Sephora follows ASPE and uses the expense approach. b) Prepare the appropriate journal entries assuming that Sephora follows IFRS and uses the revenue approach. For this part of the question, assume the selling price includes the offer for the premium. Date Debit account Credit account Debit $ Credit $