To increase sales, Blue Spruce Inc., a public company following IFRS, implemented a customer loyalty program that rewards a customer with 1 loyalty point for every $10 of purchases on a select group of products. Each point is redeemable for a $1 discount on any purchases of Blue Spruce merchandise in the next two years. Following the implementation of the program, during 2020, customers purchased select group products for $130,000 and earned 13,000 points redeemable for future purchases. (All products are sold to provide a 45% gross profit.) The stand-alone selling price of the purchased products is $130,000. Based on prior experience with incentive programs like this, Blue Spruce expects 12,500 points to be redeemed related to these sales. (Blue Spruce appropriately uses this experience to estimate the value of future consideration related to bonus points.)