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SSAY. Write your answer in the space provided or on a separate sheet of paper. 40) Ace Sporting Goods is offering the following in-store rewards program as follows. The program runs from January 1, 2025 through December 31, 2025. Rewards are provided on January 1, 2026. Sales revenue for 2025 were $10 million, of which 30% fell into Category A, 20\% in Category B, 40% in Category C, and 10% in Category D. Rebates provided to customers were $100,000. Ace expects that rewards redeemed will be 95%. What amount should Ace report as a rebate liability at December 31, 2025