CPA Now sells print materials and an app to help its customers prepare for the CPA exam. Along with these products, the company also provides updates to the app and coaching services. The stand-alone prices for these goods and services are: Good/Service Price Print materials S100 per exam section (4 exam sections total) s100 (contains questions for all 4 sections) Not sold separately Not sold separately App App updates Coaching services CPA Now provides a package deal for Accounting students that includes the print materials for all four exam sections, the app, and free updates and coaching until the student passes the exam. The cost of the package is $1,000. Customers download an average of two updates to the app while using it. Using the residual approach, the company estimates the value of an app update to be $25 and the value of the coaching services to be $1,050. Required: a) How many separate performance obligations are included in the package deal? b) How much of the package price of S1,050 should CPA Now allocate to each of the performance obligations?