Uneamed Revenue, which represents the company's oblgation to honor gift cards previously Issued to customers, totaled $7,000 at the beginning of the year and $10,500 at the end of the year. Customers purchased gift cards amounting to $57,000 during the year. What was the amount of gift cards redeemed by customers during the year? $53.500 O $60,500 O $74,500 $39.500
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