Hello please help

Sage Hill's Sports Store has a customer loyalty program in which it issues points to customers for every cash purchase that can be applied to future purchases, For every dollar spent, a customer receives three points. Each point is worth one cent. There is no expiry date on the points. Sage Hill's estimates that 40% of the points issued will eventually be redeemed. Sage Hill's has a December 31 year end. The program was started in 2023. During 2023, 1,050,000 points were issued. Sales for 2023 were $350,000, in 2024, 1,350,000 points were issued. Total sales for 2024 were $450,000. What is the stand-alone value of the points issued in 2023 ? In 2024? When the points are redeemed, how is this accounted for? What is the impact of the point redemptions on profit and cash flow