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Creative Computing sells a tablet computer called the Protab. The $970 sales price of a Protab Package includes the following: One Protab computer. A6-month limited

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Creative Computing sells a tablet computer called the Protab. The $970 sales price of a Protab Package includes the following: One Protab computer. A6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. A coupon to purchase a Creative Probook e-book reader for $375, a price that represents a 40% discount from the regular Probook price of $625. It is expected that 20% of the discount coupons will be utilized, A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $85 at other times if they do not use the $50 coupon Creative estimates that 35% of customers will purchase an extended warranty Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $950, Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 80.000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 80.000 Protab Packages Req 1 and 2 Req3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 8 Packages to the separate performance obligations in the contract. SK Stand Alone Price Percentage of Total Stand Alone Price 100.00% ht Performance Obligation Yes No1 Yes $ 76,000,000 Item Descrption Protab tablet Limited 6 month warranty Option to purchase a Probook Option to purchase extended Warranty Total stand alone price ences Yes $ 76,000,000 100.00% x Percentage of Total Stand Alone Price 100.00% Total Transaction Price $ 77600,000 Allocated Contract Price S 77 600,000 Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price S 77,600,000 Roq 1 and 2 Req3 > Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Prepare a journal entry to record sales of 80,000 Protab Packages. (if no entry is required for a transaction/event, select entry required in the first account field.) View transaction list View journal entry worksheet Transaction No Debit General Journal Credit 1 1 77,600,000 Cash Sales revenuo

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