Required information Exercise 8-10B Analyze and record deferred revenues (LO8-4) [The following information applies to the questions displayed below.] A company is the number one online music retailer through its iTunes music store. The company sells iTunes gift cards in $15, $25, and $50 increments. Assume the company sells $19.2 million in iTunes gift cards in November, and customers redeem $12.2 million of the gift cards in December. Exercise 8-10B Part 3 3. What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions. (i.e. 5.5 should be entered as 5,500,000).) Ending balance