Creative Computing sells a tablet computer called the Protab. The $605 sales price of a Protab Package includes the following: - One Protab computer. - A G-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 $325, a price that represents a 50% discount from the regular Probook price of $650. It is expected that 20% of the discount coupons will be utilized. - A coupon to purchase a one-year extended warranty for $55. Customers can buy the extended warranty for $55 at other times 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 $585 All Protab sales are made in cash. Required: 1. \& 2. Indicated below whether each item is a separate performance obligation and allocate the transaction price of 120,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 120,000 Protab Packages (ignore any sales of extended warranties). Indicated below whether each item is a separate performance obligation and allocate the transaction price of 120,00 Packages to the separate performance obligations in the contract. \begin{tabular}{|c|c|c|c|} \hline Limited 6-month, warranty & No 0 & 00 & \\ \hline Option to purchase a Probook & Yes & 7,800,000 & 10% \\ \hline Option to purchase extended warranty & No 0 & 00 & \\ \hline Total stand alone price & & 78,000,000 & 100% \\ \hline Item Description & \begin{tabular}{c} Percentage \\ of Total \\ Stand Alone \\ Price \end{tabular} & \begin{tabular}{l} Total Transaction \\ Price \end{tabular} & \begin{tabular}{c} Allocated Contract \\ Price \end{tabular} \\ \hline Protab computers & 90% & & \\ \hline \multicolumn{4}{|l|}{ Limited 6-month warranty } \\ \hline Option to purchase a Probook & 10% & & \\ \hline \multicolumn{4}{|l|}{ Option to purchase extended warranty } \\ \hline Total contract price & & & s \\ \hline \end{tabular} Req 3 Complete this question by entering your answers in the tabs below. Prepare a journal entry to record sales of 120,000 Protab Packages (ignore any sales of extended warranties). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)