please include work i would like to understand, thank you! :)

To stimulate the sales of its Alladin breakfast cereal, Carla Company places 1 coupon in each box 5 coupons are redeemable for a premium consisting of a children's hand puppet. In 2021, the company purchases 44,500 puppets at $1.55 each and sells 470,000 boxes of Alladin at $3.80 a box. From its experience with other similar premium offers the company estimates that 40% of the coupons issued will be mailed back for redemption. During 2021, 123,500 coupons are presented for redemption Prepare the journal entries that should be recorded in 2021 relative to the premium plan. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, eg. 1.525.) Account Tities and Explanation Debit Credit (To record the premium inventory.) (To record the sales.) (To record the expense associated with the sale.) (To record the premium liability.)