Record the following transactions in the financial statements effects template below.

1. Company receives $6,000 from the sale of gift certificates.
2. Customers used $5,700 gift certificates. The cost of the inventory sold is $3,900.
3. The balance of the gift certificates expire unused.

Income Statement ($ thousands) Balance Sheet Noncash Earned Rev- Net Expen- Cash Transaction Asset + = Liabil- Contrib. + ities Capital + Assets ses Capital enues Income a) = b) = = c) II = d) = = e) = = f) = - II = g) = = = h)