I don't need help with part A or B. Can you explain logically how we got to our number in part C? The journal entry and answer is correct I'm aware but I don't fully logically understand why the number for gift card breakage is the way it is. provide and explanation as to how we got to that number.

Assume Ikeo Inc. sold \$100,000 of gift cards during the last two weeks of December of Year 1. No gift cards were redeemed in Year 1. A total of $90,000 of the gift cards were redeemed for store purchases during Year 2 . On December 31 of Year 2 . Ikeo Inc. calculates the remaining balance of unredeemed gift cards as $10,000 ( $100,000 less $90,000 ). Based on previous experiences, lkeo estimates gift card breakage to be 5% of total gift card sales. Ikeo uses the proportional method to recognize income on gift card breakage. Required a. Record the sale of gift cards in Year 1 . b. Record the redemption of gift cards in Year 2 . c. Record revenue in Year 2 due to gift card breakage using the proportional method