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presented for redemption in 2014. It is estimated that 60% of the coupons will eventually be presented for redemption. P13-9 (Premium Entries and Financial Statement Presentation) Sycamore Candy Company offers an MP3 download (seven-single medley) as a premium for every five candy bar wrappers presented by customers together with $2.50. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $2.25. In addition, it costs 50 cents to distribute each code. The results of the premium plan for the years 2014 and 2015 are as follows. (All purchases and sales are for cash.) =================================================== ACCT 551 Week 3 Homework P14-5, P14-6, P14-7 FOR MORE CLASSES VISIT www.acct551rank P14-5 (Comprehensive Bond Problem) In each of the following independent cases the company closes its books on December 31.