During February, the last month of the fiscal year, Be My Valentine Ltd. sells $22,100 of gift cards. From experience, management estimates that 8% of the gift cards sold will not be redeemed by customers. In March, $6,900 of these cards is redeemed for merchandise with a cost of $5,400. In April, further $11,500 of these cards is redeemed for merchandise with a cost of $3,800. The company uses a perpetual inventory system. Also in February, Be My Valentine had $1,000 of unused gift cards that were over one year old and were not expected to be used. The amount was in line with the company's normal breakage and all other gift cards of the same age had been used. How much income (if any) was earned in each of these months? (Round answers to 0 decimal places, e.g. 125.) February March April 6900 1000 11500 $ Sales revenue 5400 0 3800 Cost of goods sold $ $ Gross margin ta 7700 1500 $ 1000 What liability (if any) would appear on the company's statement of financial position at the end of each of these months? (Round answers to O decimal places, e.g. 125.) $ 22100 Balance, February 28 $ 14634 Balance, March 31 $ 2191 Balance, April 30