Peterson Photoshop sold $3,000 in gift cards on a special promotion on October 15, 2018, and sold $4,500 in gift cards on another special promotion on November 15, 2018. Of the cards sold in October, $300 were redeemed in October, $750 in November, and $900 in December. Of the cards sold in November, $450 were redeemed in November and $1,050 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 $4,050. $0 $3,000. $4.500