GHI Retail Store sold gift cards worth $10,000 during the holiday season. Customers purchased the gift cards in advance and can redeem them for merchandise at any time. By the end of the year, $6,000 worth of gift cards were redeemed by customers. Requirements: a. Record the sale of gift cards by GHI Retail Store. b. Prepare the journal entry to record the redemption of gift cards. c. Determine the liability account affected by the sale of gift cards. d. Calculate the remaining liability for unredeemed gift cards at the end of the year. e. Analyze the impact of gift card sales on revenue recognition and financial statements.