LA, Inc. sold $300,000 of gift cards during 2022. Also, during 2022, $250,000 of gift cards were redeemed, some of which were sold in 2022 and some of which were sold in the prior year. LA also concluded that $25,000 of gift cards sold in the prior year would never be redeemed, and LA finished 2022 with a balance of $175,000 in deferred revenuegift cards. How much should LA recognize revenue in 2022 associated with gift cards?

a.275,000

b.175,000

c.250000

d.300,000