Cersei Inc. sold $2,700 in gift cards during a special promotion on October 18, 2019, and sold $4,050 in gift cards on November 18, 2019. Of the cards sold in October, $270 were redeemed in October, $675 in November, and $810 in December. Of the gift cards sold in November, $405 were redeemed in November and $945 were redeemed in December. All gift cards expire two months after purchase and the comapny recognizes revenue related to gift card breakage at that time. At 12/31/2019, Cersei's deferred revenue account would report a balance of: