2: North Department Store sells gift certificates that are redeemable in merchandise. During 2014, North sold gift certificates for $88,000. Merchandise with a total price of $52,000 was redeemed during the year. a. Record the sale of the gift certificates. b. Record the redemption during 2014. c. If the beginning balance in the unearned revenue account for 2014 was $2,000, compute the balance as of December 31,2014