Pug Photoshop sold $2,900 in gift cards on a special promotion on October 15, 2021, and sold $4,350 in gift cards on another special promotion on November 15, 2021. Of the cards sold in October, $290 were redeemed in October, $725 in November, and $870 in December. Of the gift cards sold in November, $435 were redeemed in November and $1,015 were redeemed in December. Pug views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2021, Pug would show a deferred revenue account for the gift cards with a balance of: Multiple Choice $3,915. $2,900. $4,350. $0.