Shamrock 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. Shamrock Company purchased 9.700 premiums at 85 cents each and sold 113,000 boxes of soap powder at $3.60 per box; 48.200 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. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Inventory of Premium Cash (To record the premium inventory) 8245 8245 Cash 406800 Sales Revenue 406800 (To record the sales) Premium Expense Inventory of Premiums (To record the expense associated with the sale) Premium Expense Premium Liability (To record the premium liability)