Urgent please help.

During the month of December, Emile's Electronics sells $10,000 of gift cards. From experience, Emile's management expects that 85% of the gift cards sold will be redeemed. In January, $5,950 of these cards is redeemed for merchandise with a cost of $4,450. In February, a further $1,785 of these cards is redeemed for merchandise with a cost of $935. The company uses a perpetual inventory system. 6 Your answer is partially correct. Prepare journal entries to record the transactions for December, January, and February. (Enter debit entries first followed by credit entries. Credit account tities 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 O for the omounts. Round answers to 0 decimal places, es. 125.) Jan. Gift Card Liability Sales Revenue (To record gift card redeemed for merchandise.) Cost of Goods Sold 4.450 Inventory (To record cost of merchandise.) Gift Cand Lisbility Sales Revenue (To record gift card breakage.) Feb. Gift Card Liability 1,785 Sales Revenue (To record gift card redeemed for merchandise.) Cost of Goods Sold 935 Inventory 935 (To record cost of merchandise.) Gift Card Liability Sales Remenue (To record gift card breakage.) How much income (if any) was earned in each of these months? (Round answers to 0 decimal places, e.g. 125.) What liability (if any) would appear on the company's statement of financial position at the end of each of these months? (Round answers to 0 decimal places, eg. 125.)