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Creatlive Computing sells a tablet computer called the Protab. The $780 sales price of a Protab Package includes the following: - One Protab computer. -

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Creatlive Computing sells a tablet computer called the Protab. The $780 sales price of a Protab Package includes the following: - One Protab computer. - A slx-month limited warranty. This warranty guarantees that Creatlve will cover any costs that arise due to repalrs or replacement: assoclated with defectlve products for up to slx months. - A coupon to purchase a Creatlve Probook e-book reader for $160, a price that represents a 50% discount from the regular Probo price of $320. It is expected that 25% 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 $50 at other times a well. Creative estimates that 40% of customers will purchase an extended warranty. - Creatlve does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estlmates that If It did so, a Protab alone would sell for $760. 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 95,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warrantles). Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties). Note: If no entry is required for a transaction/event, select. "No joumal entry required" in the first account field

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