CircuitTown commenced a gift card program in January $2024$ and sold $$13,000$ of gift cards in January, $$16,800$ in February, and $$20,100$ in March $2024$ before discontinuing further gift card sales. During $2024,$ gift card redemptions were $$8,450$ for the January gift cards sold, $$4,550$ for the February cards, and $$6,550$ for the March cards. CircuitTown considers gift cards to be $$broken$($not redeemable$)10$ months after sale.

Required:

How much revenue will CircuitTown recognize with respect to January gift card sales during $2024?$

Prepare journal entries to record the sale of January gift cards, redemption of gift cards $($ignore sales tax$),$ and breakage $($expiration$)$ of gift cards.

How much revenue will CircuitTown recognize with respect to March gift card sales during $2024?$

What liability for deferred revenue associated with gift card sales would CircuitTown show as of December $31,2024?$