Stellaroffers an MP3 download (seven-single medley) as a premium for every6candy bar wrappers presented by customers together with $2.85. The candy bars are sold by the company to distributors for30cents each. The purchase price of each download code to the company is $2.60. In addition, it costs50cents to distribute each code. The results of the premium plan for the years 2020 and 2021 are as follows. (All purchases and sales are for cash.)

2020

2021

MP3 codes purchased300,000396,000Candy bars sold3,180,8002,948,900Wrappers redeemed1,440,0001,800,0002020 wrappers expected to be redeemed in 2021348,0002021 wrappers expected to be redeemed in 2022 420,000.Prepare the journal entries that should be made in 2020 and 2021 to record the transactions related to the premium plan of theStellar.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 1,525.)