6 Antonio's Car Services provides maintenance services for motorized vehicles. In March 2024, Rick placed an order for a new set of tires for $355. When a customer purchases goods or services in excess of $300, Antonio's gives the customer a 20% discount coupon for future purchases made in the next three months. Antonio's estimates that approximately 75% of customers utilize the coupon and that on average those customers will purchase goods or services that typically sell for $60. Required: (a) How many performance obligations are in Rick's contract? (b) Prepare a journal entry to record revenue for this transaction, assuming that Antonio's uses the residual method to estimate the stand-alone selling price of new tires sold without the discount coupon. Complete this question by entering your answers in the tabs below. Required A Required B How many performance obligations are in Rick's contract? Number of performance obligations < Required A Required B > 6 Prepare a journal entry to record revenue for this transaction, assuming that Antonio's uses the residual method to estimate the stand- alone selling price of new tires sold without the discount coupon. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to whole dollars. Show less View transaction list Journal entry worksheet < 1 Record the revenue assuming that Antonio's uses the residual method to estimate the stand-alone selling price of new tires sold without the discount coupon. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal