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Fuhgettaboudit Ltd . operates an Italian restaurant and sells gift cards. At October 3 1 , 2 0 2 0 , Fuhgettaboudit had outstanding gift

Fuhgettaboudit Ltd $.$ operates an Italian restaurant and sells gift cards. At October $31, 2020,$ Fuhgettaboudit had outstanding gift cards totalling $ $20, 000,$ of which it expects $ $3, 200$ will never be redeemed. What should Fuhgettaboudit report on its statement of financial position at October $31, 2020,$ in relation to the gift cards?

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