Target sells gift cards that can $be$ used $at$ any Target store $oron$ Target.com. $In$ September $2023,$

Target sells $$2,500$ million worth $of$ gift cards. You are a financial analyst that follows Target,

and you know that the historical breakage rate for Target $is1\mathrm{.}5\%.$ Make the following prediction

about Target$s$ financials for the month $of$ September:

$a.$ Target$s$ Balance Sheet will $be$ affected $as$ follows due $to$ the sale $of$ gift cards:

$b.$ Target$s$ Income Statement will $be$ affected $as$ follows due $to$ breakage:

$c.$ When will Target record remaining revenue from gift cards?