ailer, sells boots in different styles. In early November the company starts selling "SunBoots"' to customers for $65 per pair. When a customer purchases a pair of SunBoots, Clarks 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 normally sell for $120. also give s the customer a 30% discount coupon for any additional additional goods that Required: 1. How many performance obligations are in a contract to buy a pair of SunBoots? 2. Prepare a journal entry to record revenue estimate the stand-alone selling price of SunBoots sold without the discount coupon. for the sale of 1,000 pairs of SunBoots, assuming that Clarks uses the residual method to