Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. On March 1, 2024, Barrick Gold receives $139,000 from Citizen Bank and promises to deliver 94 units of certified 1-ounce gold bars on a future date. The contract states that ownership passes to the bank when Barrick Gold delivers the products to Brink's, a third-party carrier. In addition, Barrick Gold has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,410 per unit, and Barrick Gold estimates the stand-alone price of the replacement insurance service to be $90 per unit. Brink's picked up the gold bars from Barrick Gold on March 30, and delivery to the bank occurred on April 1.

Required:

1. How many performance obligations are in this contract?

2. to 4. Prepare the journal entry Barrick Gold would record on March 1, March 30, and April 1.