2. Which sales transactions below would qualify for revenue recognition under Generally Accepted Accounting Principles? Sales Transaction 1 2 3 4 5 Performance Transaction Transaction Price Transaction Obligation Price Judged Probable Cancelable without Satisfied? Collected? of Collection? Penalty? No Yes Not Applicable Yes Yes No Yes Yes Yes No Yes No Yes Yes Not Applicable No No Yes Not Applicable No Customer Retains a Right to Return the Product No Yes No Yes Yes Product Returns Can be Accurately Estimated Not Applicable Yes Not Applicable Yes Yes a. 1, 2 b. 2, 3 c. 3,4 d. 4,5 e. 2, 3, and 4