Allstar, Inc. sells gift cards redeemable for Allstar's products either in-store or online. During 2021, Allstar sold $1,700,000 of gift cards, and $1,500,000 of the gift cards were redeemed for products. As of December 31, 2021, $144,000 of the remaining gift cards had passed the date at which Allstar concludes that the cards will never be redeemed. How much gift card revenue should Allstar recognize in 2021?

Multiple Choice

• $1,556,000

• $1,644,000

• $1,500,000

• $1,700,000