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Question 6 ( Mandatory ) ( 3 . 5 7 points ) Retake question Peterson Photoshop sold $ 1 , 7 0 0 in gift

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Question 6(Mandatory)(3.57 points) Retake question
Peterson Photoshop sold $1,700 in gift cards on a special promotion on October 15,2024, and sold $2,550 in gift cards on another special promotion on November 15,2024. Of the cards sold in October, $170 were redeemed in October, $425 in November, and $510 in December. Of the gift cards sold in November, $255 were redeemed in November and $595 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 12/31/2024, Peterson would show a deferred revenue account for the gift cards with a balance of:
$2,550.
$2,295.
$1,700.
$0.
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