Bavarlan Bar and Grll opened for business In November 2018. During Its first two months of operation, the restaurant sold gift certificates In varlous amounts totaling $8.600, mostly as Christmas presents. They are redeemable for meals within two years of the purchase date, although experience within the industry indicates that 80% of gift certificates are redeemed within one year. Certificates totaling $3,000 were presented for redemption during 2018 for meals having a total price of $3.400. The sales tax rate on restaurant sales is 4%, assessed at the time meals (not gift certificates) are purchased. Sales taxes will be remitted in January. Required: 1 Prepare the approprlate Journal entries (In summary form) for the gift certificates sold during 2018 (keeping In mind that, In actuality, each sale of a glft certificate or a meal would be recorded IndlMdually). 2 Determine the labillity for gift certificates to be reported on the December 31, 2018, balance sheet 3. What Is the approprlate amount for each classification (current or noncurrent) of the labillitles at December 31, 2018? Complete this question by entering your answers in the tabs below. Required Required 2Required 3 What is the appropriate amount for each classification (current or noncurrent) of the liabilities at December 31, 2018? Sales tax liability-current Sales tax liability noncurrent 13 8,800 3,880 5,800 Required 2 Required 3