Please answer the question in it's entirety.

CircuitTown commenced a gift card program in January 2018 and sold $13,000 of gift cards in January, $16,800 in February, and $20,100 in March of 2018 before discontinuing further gift card sales. During 2018, gift card redemptions were $8,450 for the January gift cards sold, $4,550 for the February cards, and $6,550 for the March cards. CircuitTown considers gift cards to be broken (not redeemable) 10 months after sale. Required: 1. How much revenue will CircuitTown recognize with respect to January gift card sales during 2018? 2. Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. 3. How much revenue will CircuitTown recognize with respect to March gift card sales during 2018? 4. What liability for deferred revenue associated with gift card sales would CircuitTown show as of December 31, 2018? Complete this question by entering your answers in the tabs below. Req 2 Req 1 3 and 4 Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the January gift card sales. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal Req 2 Req 1 3 and 4 Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Req 2 Req 1 3 and 4 Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Req 2 Req 1 3 and 4 How much revenue will CircuitTown recognize with respect to January gift card and March gift card sales during 2018. What liability for deferred revenue associated with gift card sales would Circuit Town show as of December 31, 2018? 1 Revenue recognized from January gift card sales 3 Revenue recognized from March gift card sales 4 Year-end deferred revenue liability