Clarks Incorporated, a shoe retailer, sells boots in different styles. In early November the company starts selling customers for $80 per pair. When a customer purchases a pair of SunBoots, Clarks also gives the customer a 20% any additional future purchases made in the next 30 days. Customers can't obtain the discount coupon otherwise that approximately 10% of customers will utilize the coupon, and that on average those customers will purchase add normally sell for $110. Required: 1. How many performance obligations are in a contract to buy a pair of SunBoots? 2. Assume Clarks cannot estimate the stand-alone selling price of a pair of SunBoots sold without a coupon, Pre to record revenue for the sale of 1,500 pairs of SunBoots, assuming that Clarks uses the residual method to e alone selling price of SunBoots sold without the discount coupon. Complete this question by entering your answers in the tabs below. How many performance obligations are in a contract to buy a pair of sunBoots? etailer, sells boots in different styles. In early November the company starts selling "SunBoots" to hen a customer purchases a pair of SunBoots, Clarks also gives the customer a 20% discount coupon for es made in the next 30 days. Customers can't obtain the discount coupon otherwise. Clarks anticipates stomers will utilize the coupon, and that on average those customers will purchase additional goods that ebligations are in a contract to buy a pair of SunBoots? estimate the stand-alone selling price of a pair of SunBoots sold without a coupon. Prepare a journal entry the sale of 1,500 pairs of SunBoots, assuming that Clarks uses the residual method to estimate the standSunBoots sold without the discount coupon. by entering your answers in the tabs below. pligations are in a contract to buy a pair of SunBoots? Complete this question by entering your answers in the tabs below. Assume Clarks cannot estimate the stand-alone selling price of a pair of SunBoots sold without a coupon. Prepare a journal entry record revenue for the sale of 1,500 pairs of SunBoots, assuming that Clarks uses the residual method to estimate the stand-alone selling price of SunBoots sold without the discount coupon. Note: If no entry is required for a transaction/event, select "No journat entry required" in the first account field