Problem $2-26($IFRS$)$

William Company operates a customer loyalty program. The entity grants loyalty points for goods purchased. The loyalty points can be used by the customers in exchange for goods of the entity. The points have no expiry date.

During $2024,$ the entity issued $100,000$ award credits and expected that $80\%$ of these award credits shall be redeemed.

The total stand$-$alone selling price of the award credits granted is reliably measured at P$2,000,000.$ In $2024,$ the entity sold goods to customers for a total consideration of P$8,000,000$ based on stand$-$alone selling price.

The award credits redeemed and the award credits expected to be redeemed each year are:

$\backslash$table$[[,$Redeemed,Expected to be redeemed$],[2024,30,000,80\%$