b. Assuming that Koll's sold $300,000 of merchandise (cost of $120,000 ) during the first day of the sales incentive period and 6,000,$6 revenue. Assume all sales were cash sales. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. C. Record a summary entry to recognize revenue (f any) duning the 5 -day merchandise credic redemption period, assuming that 35 s. of the credits are redeemed. d. Fecord a summary entry to recognize revenue (f anyl at the conclusion of the 5 -day merchandise credit redemption period, assuming that no credits are redeemed irge clothing retailer chain, Kolls, offers a sales incentive program where customers receive direct credit toward future purchases based upon the doll: int today, the customer will earn a $6 credit to be used at Koll's in two weeks. The credit expires 5 days after it becomes active. Not all customers will sed upon historical trends, Koll's estimates that 35% of the credits will be redeemed. Determine how many performance obligations are included in a sales transaction during the sales incentive program. Assuming that Koll's sold $300,000 of merchandise (cost of $120,000 ) during the first day of the sales incentive period and 6,000,36credits were given, f Nenue Assume all sales were cash sales. tote: Carry all decimals in calculations; round the final answer to the nearest dollar