Grace Period: 14 days lell Registe tice Assignment Gradebook ORION Downloadable eTextbook ament AGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Question 12 To increase sales, Sarasota Inc., a public company following IFRS, implemented a customer loyalty program that rewards a customer with loyalty point for every $10 of purchases on a select group of products. Each point is redeemable for a $1 discount on any purchases of Sarasota merchandise in the next two years. Following the implementation of the program, during 2020, customers purchased select group products for $280,000 and earned 28,000 points redeemable for future purchases. (All products are sold to provide a 55% gross profit.) The stand-alone selling price of the purchased products is $280,000. Based on prior experience with incentive programs like this, Sarasota expects 27.500 points to be redeemed related to these sales. (Sarasota appropriately uses this experience to estimate the value of future consideration related to bonus points.) a) Identity the separate performance obligation in the Sarasota bonus point programs. (Round answers to calculations.) decoral places, .c. 5,125. Do not round Intermediate Products 280000 Bonus points 28000 O of 1 used SAVE FOR LATER order th The parts of this question must be completed e ADA 4 ENG 2020-05-12 o d io. e 92