CircuitTown commenced a gift card program in January $2024$ and sold $$10,000$ of gift cards in January, $$15,000$

in February, and $$16,000$ in March $2024$ before discontinuing further gift card sales. During $2024,$ gift card

redemptions were $$6,000$ for the January gift cards sold, $$4,500$ for the February cards, and $$4,000$ for the March

cards. CircuitTown considers gift cards to be "broken" $($not redeemable$)10$ months after sale.

Required:

How much revenue will CircuitTown recognize with respect to January gift card sales during $2024?$

Prepare journal entries to record the sale of January gift cards, redemption of gift cards $($ignore sales tax$),$ and

breakage $($expiration$)$ of gift cards.

How much revenue will CircuitTown recognize with respect to March gift card sales during $2024?$

$31,2024?$