El Jarro opened for business in November 2010. During its first two months of operation in 2010, the rantsoldgift cards in various amount totaling $13.500. They wermat for me with two years of the purchase date. Gift cards totaling $7.800 were presented for redemption during 2020 for meals having a total price of $11.200. The stron www me time meais (not gift cards) are purchased. Sales taxes wil bermitted in January 2001 Required: 1. Prepare the appropriate youmal entry for the redemption of gift cards and meals sold during 2020 2. Determine the ability for gift cards to be reported on the December 31, 2020, balance sheet For the toolbar, press ALT F10 IPC) O ALTAN-F10 Mac TU Paragraph Arial OD 14px ES > T. X HQ 5 X X 8 BEST T 11 12 BB 2.39 E 0 O WORDS RED