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34 Holden Inc. sells software and a six-month technical support contract to a customer for a total of $180,000. Holden does not sell the same

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Holden Inc. sells software and a six-month technical support contract to a customer for a total of $180,000. Holden does not sell the same software or tech support separately, however its closest competitor prices the same software on a stand-alone basis for $115,000. How many performance obligations does Holden have and how much revenue should it defer and recognize ratably over 6 months? one performance obligation; $115,000 O two performance obligations; $65,000 one performance obligation; $180,000 O two performance obligations; $180,000

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