Peterson Photoshop sold $1,400 in gift cards on a special promotion on October 15, 2018, and sold $2,100 in gift cards on another special promotion on November 15, 2018. Of the cards sold in October, $140 were redeemed in October, $350 in November, and $420 in December. Of the cards sold in November, $210 were redeemed in November and $490 were redeemed in December. Peterson views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2018, Peterson would show an deferred revenue account for the gift cards with a balance of Multiple Choice $0. $1,890. $1,400. $2,.100