Whatever is in red is what is wrong. The rest is correct.

Pina Corp. offers its customers a 5-piece knife set in exchange for $11 and the purchase of its CC Cookware set. The company purchased 2,930 units of the 5-piece knife sets at $14 each. It estimates that 70% of customers will participate in the promotion and that 5% of the amount received from customers relates to the awarded premiums. In 2024 , the company sold 3,650 cookware sets at a sales price of $126 resulting in sales revenue of $459,900. By the end of the year, 2,410 customers took advantage of the promotion. Prepare the appropriate journal entries assuming Pina follows IFRS and uses the revenue approach. Ignore any cost of goods sold entry. (Do not round intermediate calculations. Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Inventory of Premiums Cash (To record purchase of premiums) Cash Premium Expense Unearned Revenue (To record cash sales) Debit 41020 7230 Cash Premium Expense Inventory of Premiums (To record redemption for premiums) Unearned Revenue Sales Revenue (To recognize sales revenue) 26510 7230