45 Clarks Inc., a shoe retaller, sells boots in different styles. In early November the company starts selling "SunBoots" to customers for $70 per pair. When a customer purchases a pair of SunBoots Clarks also gives the customer a 30% discount coupon for any additional future purchases made in the next 30 days. Customers can't obtain the discount coupon otherwise Clarks anticipates that approximately 20% of customers will utilize the coupon, and that on average those customers will purchase additional goods that normally sell for $100. 2 points Required: 1. How many performance obligations are in a contract to buy a pair of SunBoots? 2. Assume Clarks cannot estimate the standalone selling price of a pair of SunBoots sold without a coupon. Prepare a journal entry to record revenue for the sale of 1,000 pairs of SunBoots Complete this question by entering your answers in the tabs below. Required Required 2 Assume Clarks cannot estimate the standalone selling price of a pair of SunBoots sold without a coupon Prepare a journal entry to record revenue for the sale of 1,000 pairs of SunBoots. (Ir no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction Journal entry worksheet Record the revenue for the sale of 1,000 pairs of Sunboots Note Enter debere credits Transaction General Journal Debit Credit Record entry Clear entry View general journal