Save-Always Stores started a customer loyalty program at the beginning of 2020 in which customers making cash purchases of gasoline at Save-Always 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 Save-Always Food Stores. The coupons have no expiry date. Save-Always Stores began selling gift cards in 2021 that do not have expiry dates. w The following are selected transactions in 2020 and 2021: 1. 2. 3. In 2020, the Gas Bars sold 3.90 million litres of gasoline resulting in gas sales of $4,680,000. Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is 74%. In 2020, customers redeemed $51,400 of the grocery coupons in the Food Stores. In 2021, the Gas Bars sold 4.50 million litres of gasoline resulting in gas sales of $5,850,000. Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is 71%. In 2021, customers redeemed $58,600 of the grocery coupons in the Food Stores. In 2021, customers purchased $92,200 of gift cards, and $50,100 of the revenue from gift card sales was to be recorded by the end of the year. 5. Indicate if the following activities will increase, decrease, or have no effect on each of revenues, expenses, and profit: 1. Issuing grocery coupons when sales are made Decrease revenues and profit 2. Redeeming grocery coupons Increases revenues and profit 3. Issuing gift cards Increases revenues, expenses and profit 4. Redeeming gift cards No effect on revenues, expenses and profit Date Account Titles and Explanation 2020 Debit Credit 1. Cash 4680000 Sales 4578360 Unearned Revenue-Loyalty Program I 101640 (To record sales and unearned revenue related to loyalty program.) 2. Unearned Revenue-Loyalty Program 51400 Revenue from Rewards Program 51400 (To record redemption of rewards.) 2021 3. Cash 5850000 Sales Unearned Revenue-Loyalty Program (To record sales and unearned 4. Unearned Revenue-Loyalty Program 58600 Revenue from Rewards Program 58600 (To record redemption of rewards.) 5 . Cash 92200 Unearned Revenue 92200 (Received cash in advance from customer.) Unearned Revenue 50100 50100 Sales (To record gift card sales.) What balances will be included in current liabilities at December 31, 2020 and 2021, regarding the customer loyalty program and gift cards? (Round answers to 0 decimal places, eg. 5275.) December 31, 2020 December 31, 2021 Unearned Revenue-Loyalty Program $ $ Unearned Revenue-Gift Cards