ABC began a gift card program in January 2023 and sold $15,350 of gift cards in January, \$17,950 in February, and \$20,950 in March 2023 before discontinuing further gift card sales. During 2023, gift card redemptions were $8,700 for the January gift cards sold, $4,650 for the February cards, and $6,300 for the March cards. ABC considers gift cards to be "broken" (a remote probability of redemption) 10 months after sale. What liability for deferred revenue associated with gift card sales would ABC show as of December 31, 2023? \begin{tabular}{|} \hline 14,650 \\ \hline 20,950 \\ \hline 6,300 \\ \hline 54,250 \end{tabular}