Super Company sells breakfast items. In 2020, the company started a program to boost the sales of its Fruity Lols breakfast cereal. They places 1 coupon in each box of cereal. Five coupons are redeemable for a premium consisting of a finger puppet. On 4 January 2020, the company purchases 40,000 puppets at $1.50 each and sells 480,000 boxes of Fruity Lols at $3.75 a box (COGS $2.50 a box). From its experience with other similar premium offers, the company estimates that 40% of the coupons issued will be mailed back for redemption. During 2020, 115,000 coupons are presented for redemption and during 2021, 20,000 coupons were presented for redemption. Instructions Prepare the journal entries that should be recorded in 2020 and 2021 relative to the premium plan