c. Use the financial statement effects template to record the gift card activity during the current fiscal year. Ignore sales tax and returns. Details are as follows.

$ millions
Gift card liability, beginning of period	$1,309
Gift cards issued during current period but not redeemed	1,161
Revenue recognized from beginning liability	(958)
Gift card liability, end of period	$1,512

Note: Use negative signs with answers when appropriate. Note: If an answer field is not needed, leave it blank (not all answer fields will be used). Note: Round answers to the nearest dollar, if applicable.

		BALANCE SHEET	INCOME STATEMENT
		Cash	Noncash		Contributed	Earned			Net
	Transaction	Asset	Assets	Liabilities	Capital	Capital	Revenue	Expenses	Income
	Gift card sales	Answer 91	Answer 92	Answer 93	Answer 94	Answer 95	Answer 96	Answer 97	Answer 98
		Answer 99CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 100CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 101CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 102CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 103CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 104CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 105CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A
	Gift cards redeemed - Revenue	Answer 106	Answer 107	Answer 108	Answer 109	Answer 110	Answer 111	Answer 112	Answer 113
		Answer 114CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 115CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 116CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 117CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 118CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 119CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A	Answer 120CashAcct RecAllow Sale RetrnIntrst RecInventorySuppliesPrepd AdvrtPrepd RentPrepd InsEquipmentAccum DeprAcct PaySalary PaySale Tax PayRent PayUtil PayIntrst PayUnearn RevLT DebtNote PayPrefrd StkComm StkAPICRet EarnDividendsRevenueCOGSAdvrt ExpDepr ExpFuel ExpIns ExpRent ExpSupply ExpUtil ExpSalary ExpIntrst ExpIntrst IncN/A