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Shuck Co includes 1 coupon in each box of cereal that it packs and 10 coupons are redeemable for a premium. In 2010, Shuck purchased

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Shuck Co includes 1 coupon in each box of cereal that it packs and 10 coupons are redeemable for a premium. In 2010, Shuck purchased 9,000 premiums at $.90 each and sold 100,000 boxes of cereal at $2.00 per box; 40,000 coupons were presented for redemption in 2010. It is estimated that 60% of the coupons will eventually be presented for redemption. Prepare 2010 entries

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