Question: please show step by step solution 19) In Logan's Yoga Studio experience, gift cards that have not been redeemed within 12 months are not likely

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19) In Logan's Yoga Studio experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Logan's Yoga sold gift cards for $41,950 during August 2021, $4,300 of cards were redeemed in September 2021,$8,810 in October, $2,610 in November, and $2,190 in December 2021. In 2022 an additional $1,290 of cards were redeemed in January and $935 in February. Required: How much revenue associated with the August 2021 gift card sales would Logan's Yoga get to recognize in 2022 ? 20) On November 2022 AAA Inc. becomes aware a litigation is likely to be resolved that is estimated to result in a gain to the company of $5.6 million in 2023. True or False: This will have no impact on the company's income statement and balance sheet in 2022? True False

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