5 On May 1 2021. Meta Computer, the enters into a contract to sell 4,500 units of Comfort Office Keyboard to one of its chants, Bionics, Inc, at and price of $77400, to be settled by a cash payment on May 1, Delivery is scheduled for June 1, 2021. As part of the contract, the seller offers a 25% discount coupon to Bionics for any purchases in the next six months. The seller will continue to offer a 5% discount on all sales during the same time period, which will be available to all customers. Based on experience, Meta Computer estimates a 50% probability that Bionics will redeem the 25% discount voucher and that the coupon will be applied to $35.000 of purchases. The stand-alone selling price for the Comfort Office Keyboards 519.20 per unit. Required: 1. How many performance obligations are in this contract? 2. Prepare the journal entry that Meta would record on May 1, 2021 2. Assume the same facts and circumstances as above, except that Meta gives a 5% discount option to Bionics instead of 25%. In this case, what journal entry would Meta record on May 1 2017 Complete this question by entering your answers in the tabs below. Red Recured Required Prepare the journal entry that at would record on May 1, 2011 (Un entry is required for transacten/event, select "No pumal entry required in the first account) Transaction D. Credit No 1 General Cush Defenden Deferred coupon