Rikard's Menswear sells $5.050 of gift cards for cash in December 2021. Rikard's has a December 31 fiscal year end and uses a perpetual inventory system. In January 2022. $2.745 of the gift cards are redeemed for merchandise with a cost of $1,190. Prepare Journal entries for Rikard's for December 2021 and January 2022 assuming all gift card balances will be redeemed. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit (To record sale of gift cards.) (To record sales and redemption of gift cards.) (To record cost of goods sold.)