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During February, the last month of the fiscal year, Be My Valentine Ltd . sells $ 2 1 , 5 0 0 of gift cards.

During February, the last month of the fiscal year, Be My Valentine Ltd. sells $21,500 of gift cards. From experience, management estimates that 8% of the gift cards sold will not be redeemed by customers. In March, $4,600 of these cards is redeemed for merchandise with a cost of $2,800. In April, further $13,800 of these cards is redeemed for merchandise with a cost of $4,600. The compary 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, e8.125.)
February
March
April
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