Part A - (5 marks) To increase sales, Samantouta 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 $2.50 discount on any purchases of Samantouta merchandise in the next three years. After the program launched, during 2020, customers bought merchandise for $300,000 (all products are sold to provide a 35% gross profit) and earned 10,000 points redeemable for future purchases. The stand- alone selling price of the merchandise sold is $300,000. Based on prior experience with incentive programs like this, Samantouta expects 100% of points to be redeemed related to these sales. Instructions Prepare the journal entries for cash sales including the issuance of loyalty points for Samantouta in 2020