Exercise $13-6($Static$)$ Gift cards; sales taxes; financial statement effects $[$LO$13-3]$ Bavarian Bar and Grill opened for business in November $2024.$ During its first two months of operation, the restaurant sold gift cards in various amounts totaling $5,200,$ mostly as Christmas presents. They are redeemable for meals within two years of the purchase date. although experience within the industry indicates that $80$