Cullumber Bakery began selling gift cards in 2025 . Based on industry norms, they expect that 40% of the gift cards will not be redeemed. In 2025 , the bakery sold gift cards with a value of $3200. During that period, gift cards with a value of $800 were redeemed. The amount of revenue that Cullumber will recognize in 2025 with regard to the gift cards is $1333$800$3200$1120