Problem 5: 15 points The Silver Company sold $ 80,000 of gift cards during 2018 and received cash. Silver uses the proportional method for accounting for gift card breakage. Based on historical experience, Silver estimates a breakage percentage of 10 % on its gift card sales. During the year, customers redeemed $ 57,600 of gift cards, purchasing inventory costing $32,000. Silver uses the perpetual inventory system Prepare the journal entries required to record gift card activity for the year a018 -80,000 gift card