Exercise $6-8($Algo$)$ Performance obligations; customer option for additional goods or services $[$LO$6-4,6-5]$

On May $1,2024,$ Meta Computer, Incorporated, enters into a contract to sell $4,500$ units of Comfort Office Keyboard to one of its clients, Bionics, Incorporated, at a fixed price of $$76,500,$ to be settled by a cash payment on May $1.$ Delivery is scheduled for June $1,2024.$ As part of the contract, the seller offers a $25\%$ discount coupon to Bionics for any purchases in the next six months. The seller will continue to offer a $5\%$ discount on all sales during the same time period, which will be available to all customers. Based on experience, Meta Computer estimates a $50\%$ probability that Bionics will redeem the $25\%$ discount voucher and that the coupon will be applied to $$45,000$ of purchases. The stand$-$alone selling price for the Comfort Office Keyboard is $$19\mathrm{.}00$ per unit.

Required:

How many performance obligations are in this contract?

Prepare the journal entry that Meta would record on May $1,2024.$

Assume the same facts and circumstances as above, except that Meta gives a $5\%$ discount option to Bionics instead of $25\%.$ In this case, what journal entry would Meta record on May $1,2024?$