Larkspur Stores started a customer loyalty program at the beginning of 2023 in which customers making cash purchases of gasoline at Larkspur Gas Bars are issued rewards in the form of grocery coupons. For each litre of gasoline purchased, the customer gets a grocery coupon for 3.60 cents that can be redeemed in Larkspur Food Stores. The coupons have no expiry date. Larkspur Stores began selling gift cards in 2024 that do not have expiry dates. The following are selected transactions in 2023 and 2024: 1. In 2023 , the Gas Bars sold 4.00 million litres of gasoline resulting in gas sales of $4,800,000. Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is 72%. 2. In 2023 , customers redeemed $52,600 of the grocery coupons in the Food Stores. 3. In 2024 , the Gas Bars sold 4.80 million litres of gasoline resulting in gas sales of $6,240,000. Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is 72%. 4. In 2024, customers redeemed $59,200 of the grocery coupons in the Food Stores. 5. In 2024 , customers purchased $93,400 of gift cards, and $50,700 of the revenue from gift card sales was to be recorded by the end of the year. Larkspur Stores started a customer loyalty program at the beginning of 2023 in which customers making cash purchases of gasoline at Larkspur Gas Bars are issued rewards in the form of grocery coupons. For each litre of gasoline purchased, the customer gets a grocery coupon for 3.60 cents that can be redeemed in Larkspur Food Stores. The coupons have no expiry date. Larkspur Stores began selling gift cards in 2024 that do not have expiry dates. The following are selected transactions in 2023 and 2024: 1. In 2023 , the Gas Bars sold 4.00 million litres of gasoline resulting in gas sales of $4,800,000. Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is 72%. 2. In 2023 , customers redeemed $52,600 of the grocery coupons in the Food Stores. 3. In 2024 , the Gas Bars sold 4.80 million litres of gasoline resulting in gas sales of $6,240,000. Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is 72%. 4. In 2024, customers redeemed $59,200 of the grocery coupons in the Food Stores. 5. In 2024 , customers purchased $93,400 of gift cards, and $50,700 of the revenue from gift card sales was to be recorded by the end of the year