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Crane sells 20 nonrefundable $110 gift cards for 3D printer paper on March 1, 2025. The paper has a standalone selling price of $110 (cost \$88). The gift cards expiration date is June 30, 2025. Crane estimates that customers will not redeem 15% of these gift cards (breakage). The pattern of redemption is as follows. Prepare the 2025 journal entries related to the gift cards at March 1, March 31. April 30, and June 30, Crane recognizes breakage when cards expire (June 30). (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter 0 for the amounts. Round present value factor calculations to 5 decimal places, es. 1.25124 and final answers to 0 decimal places eg. 58,971. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline \multirow[t]{2}{*}{ar.1,2025} & Cash & 2200 & \\ \hline & Lability to Bonus Point Customers & & 22 \\ \hline \multirow[t]{3}{*}{x.1.20257} & Contract Asset & 330 & \\ \hline & Sales Revenue & & 3 \\ \hline & (To record sales of cards redeemed) & & \\ \hline \multirow[t]{3}{*}{ar31,2025} & Contract Asset & 1100 & \\ \hline & Sales Revenue & & \\ \hline & (To record cost of goods sold) & & \\ \hline an: 31.2025 & Cost of Goods Sold & 880 & \\ \hline \end{tabular} r. 30.2025 Cost of Goods Sold 528 Inventory (To record saies of cards redeemed) n. 30.2025; Cost of Goods Sold 110 inventory (To record cost of goods sold) goods sold) ns.30,2025 Y Contract Asset 88 Sales Revenue (To record sales of cards not redeemed) ar. 31,2025 Cost of Goods Sold 880 Inventory (To record sales of cards redeemed) Contract Asset 660 5 ales Revenue (To record cost of goods sold) if. 30.2025 Cost of Coods Sold 528 inventory (To record sales of cards redeemed) . 30,2025

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