Required1. According to the note when does Nordstrom recognize revenue from sales in its retail stores? How does this differ from the way the company recognizes revenue from its catalog and online sales? Why would the way in which revenue from these two types of sales differ?2. According to the note how does Nordstrom recognize revenue associated with its gift cards? Assume that you buy a gift card for a friend. Identify and analyze the transaction Nordstrom records at the time you buy the card. Identify and analyze the adjustment Nordstrom records when your friend redeems the card.