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TURK 1 synoum .. consumer bc prot consum ssignments Question 5 of 7 -/2 View Policies Current Attempt in Progress Steig's Sports Store has a customer loyalty program in which it issues points to customers for every cash purchase that can be applied to future purchases. For every dollar spent, a customer receives three points. Each point is worth one cent. There is no expiry date on the points. Steig's estimates that 31% of the points issued will eventually be redeemed. Steig's has a December 31 year end. The program was started in 2020. During 2020, 820.000 points were issued. Sales for 2020 were 5332,000. In 2021. 1.340,000 points were issued. Total sales for 2021 were $470,000 (a) What is the stand-alone value of the points issued in 2020? In 2021? 2020 $ 2021 $ e Textbook and Media List of Accounts Submit Answer Attempts: 0 of 3 used Save for Later