3) A newly opened grocery store, to attract customers, started giving 5 loyalty points for each dollar spent in the store. These points can be redeemed in blocks of 5000 and customers are eligible to receive a winter jacket. Since it was newly opened it did not have any past record of how many customers will exercise this offer, but because of the winter season round the corner, it is hoping that 90% of the people will make use of this redemption offer. The store purchases these jackets directly from the manufacturer at $40 per each. In the month of October, the total sales of the store were $480,000. Please calculate the loyalty redemption amount that the store needs to provide for October in its books of accounts