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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 A 6-month

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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 A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements assoclated with defective products for up to slx months. A coupon to purchase a Creative Probook e-Dook reader for $250, a price that represents a 50% discount from the regular Probook price of $500, t is expected that 20% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $60. Customers can buy the extended warranty for $60 at other tlmes as Well, Creative estimates that 30% 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. Indicated 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 (ignore any sales of extended warranties)

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