Brief Exercise 5-13 Performance obligations; right of return [LO5-5, 5-6] Aria Perfume, Inc., sold 2,870 boxes of white musk soap during January of 2018 at the price of $80 per box. The company offersa full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 4% of sales will be returned How many performance obligations are there in each sale of a box of soap? How much revenue should Aria recognize in January? Answer is complete but not entirely correct. Number of performance obligations in the contract January revenue 321,440