THE ANSWER IS NOT $32,400 OR $13,500

Sheridan Grocers has a reward program by which credit is provided on account every time a customer purchases groceries at Sheridan stores. The customer receives $1 on account, to be redeemed at a future date, for every $10 of groceries purchased. Sheridan's management expects that 90% of the credits will be redeemed. On December 31, 2024, Sheridan had recorded grocery sales of $1.35 million. Of the credit amounts granted in the first year, 90% were redeemed by December 31,2024 . How should this liability be reported on the company's statement of financial position on December 31, 2024? In the first year, 76\% of the credit amounts were redeemed. (Round percentage of total SA selling price to 1 decimal place, e.g. 15.2\% and final answer to 0 decimal places, e.g. 5,125 .) Remaining liability $