On January 1, 2021 Kavior Inc. introduced a customer loyalty program. Under this program, a customer receives a one loyalty point for every $30 spent in the store. Each point is redeemable for a $5 discount on future purchases at Kavior Inc.. During 2021, customers bought merchandise for $120,000 and earned 4,000 points redeemable for future purchases. The stand-alone selling price of the merchandise sold is $120,000. Based on prior experience with incentive programs like this, Kavior Inc. expects all 4,000 points to be redeemed related to these sales. Kavior Inc. is a public company that follows IFRS. If none of the 4,000 loyalty points were redeemed in 2021, the amount of revenue that Kavior Inc. should recognize in 2021 from the sale of the merchandise is: O a. $100,000 O b. $137,143 O c. $120,000 O d. $140,000 O e. $102,857 Clear my choice