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Tamarisk Company offers a set of building blocks to customers who send in 3 UPC codes from Tamarisk cereal, along with 40. The block sets

Tamarisk Company offers a set of building blocks to customers who send in 3 UPC codes from Tamarisk cereal, along with 40. The block sets cost Tamarisk $1.00 each to purchase and 60 each to mail to customers. During 2020, Tamarisk sold 1,080,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 2020, 108,000 UPC codes were redeemed. Prepare Tamarisks December 31, 2020, adjusting entry.

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