Sporting Goods Store has a customer loyalty program in which it issues points to customers for every cash purchase that can be applied to future purchases. For every dollar spent, a customer receives 3 points. Each point is worth 1 cent. There is no expiry date on the points. Sporting Goods estimates that 35% of the points issued will eventually be redeemed. Sporting Goods has a December 31 year end. The program starting in 2014. During 2014, 900,000 points were issued. Sales for 2014 were $300,000. In 2015, 1.2 million points were issued. Total sales for 2015 were $400,000. a) What is the stand-alone of the points issued in 2014? In 2015? (show calculation) b) prepare the journal entries to record the sales for 2014 and 2015. c) When the points are redeemed, how is the accounted for? What is the impact of the points redemptions on profit and cash flow?