To stimulate the sales of its Alladin brealfast cereal, Crane Company places 1 coupon in each box 5 coupons are redeemable for a premium consisting of a children's hand puppet. In 2026 , the company purchases 51,700 puppets at $1.60 each and selk 475,000 boxes of Alladin at $3.85 a box. From its experience with other similar premium offers, the company estimates that 40% of the coupons issued will be malled back for redemption. During 2026. 107,500 coupons are presented for redemption. Prepare the journal entries that should be recorded in 2026 relative to the premium plan. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts. Credit occount tities are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit (To record purchase of puppets) (To record the sales) (To record redemption of coupons) (To record a liability for premiums)