2 3 4 5 6 1 Problem 13 [retroactive sales discount-inverted] On March 1, 2020, ABC contracted with Best Buy to provide 1,000 televisions at a contracted price of $450/cach. Delivery occurred on March 3, 2020. The sale was on account, and Best Buy made cash payment 30 days after delivery. The sale was subject to a retroactive volume discount whereby the per-unit sales price is reduced if total 7 units purchased by Best Buy during the calendar year exceed certain thresholds, shown below. 8 Cumulative sales during the Retroactive 9 year are discount 10 2000 units no discount 11 -2000 units $10/unit 12 ABC uses the estimated value approach to record variable consideration and made the following entry to 13 record the sale 15 Accounts receivable $450,000 16 Estimated liability for volume discount payment 5,000 17 Sales revenue 445,000 18 Required 19 20 In calculating the variable consideration, what did ABC assess as the probability that Best Buy will purchase 2000 or more units during the year? 22 3 Enter your answer below in the green boxes. es Probability that Best Buy will purchase 2000 or more units during the year (enter as a fraction, not as a percentage; e.8...20 not 20%): 6 7 24 8