1. Letimer store's sales record indicates the following: Merchandise costing $30,000, shipped f.o.b. shipping point to a customer on December 29, 2020, was received on January 5, 2021. Merchandise costing $40,000, shipped f.o.b destination to a customer on December 24, 2020, was received on December 30, 2020. Merchandise costing $22,000, shipped f.o.b. destination a customer on December 28, 2020, was received on January 3, 2021. Sold stored-value Letimer store gift cards $38,000 during the 2020 holiday season, half was redeemed by customers in 2020 and half was redeemed in January 2021. What amount should Letimer report as sales revenue for the month ended 12/31/2020? Multiple Choice O 89,000 O 70,000 O 59,000 108,000 What amount should Letimer report as sales revenue for the month ended 12/31/2020? 01:24:06 Multiple Choice 89,000 O 70,000 O 59,000 O 108,000