In Lizzie Shoes’ experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes sold gift cards for $18,000 during August 2024. $4,000 of cards were redeemed in September 2024, $3,000 in October, $2,500 in November, and $2,000 in December 2024. In 2025 an additional $1,000 of cards were redeemed in January and $500 in February. How much gift card revenue associated with the August 2024 gift card sales would Lizzie get to recognize in 2024 and 2025?