A caf sells gift cards in $25 increments. Based on experience, the restaurant estimates that 30% of the gift cards will not be redeemed. During

A café sells gift cards in $25 increments. Based on experience, the restaurant estimates that 30% of the gift cards will not be redeemed. During 2025, the restaurant had total gift card sales of $9300, of which 40% of the estimated amount were redeemed. Calculate the liability that the restaurant will report December 31, 2025, with regard to 2025 gift card sales.