To increase sales, Sarasota Inc., a public company following IFRS, implemented a customer loyalty program that rewards a customer with one loyalty point for every $30 of merchandise purchased. Each point is redeemable for a $3 discount on any purchases of Sarasota merchandise in the next three years. After the program launched, during 2020, customers bought merchandise for $324,000 (all products are sold to provide a 40% gross profit) and earned 10,800 points redeemable for future purchases. The stand-alone selling price of the merchandise sold is $324,000. Based on prior experience with incentive programs like this, Sarasota expects 8,000 points to be redeemed related to these sales.

Prepare the journal entries for cash sales including the issuance of loyalty points for Sarasota in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round percentage allocations to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)

Account Titles and Explanation	Debit	Credit
Cash	324,000
Unearned Revenue		?
Sales Revenue		?
(To record cash sales of products subject to loyalty points)
Cost of Goods Sold	194,400
Inventory		194,400
(To record cost of goods sold)

PLEASE HELP CALCULATE 2 NUMBERS OF CREDIT! I calculated unearned revenue=24,000 and sales revenue=300,000 and it is not correct.

Thanks!