Identifying and Recording Customer Option for Additional Merchandise A large clothing retalier chain, Kolly, offers a sales incentive program where customers receive direct credit toward future purchases based upon the doltar amount of purthases the credit in the 5-day window of time. Based upon bistorical trends, Kolls estimates that 35 th of the credits will be redeemed. a. Determine how mary performance oblegations are included in a sales transaction during the sales incentive progyam. io record cales revenue, Assume all sales were cash saies. Note: Carry all decimals in calculations, round the finsl answer to the nearest dotig. c. Riecord a summary entry to recognize revenue (if anyl during the 5 -day merchandise credit redemption peciod, assuming that 35 of of the credits are redeemed. d. Record a summary entry to recognize revenue (f any) at the conclusion of the 5 -doy merchandise credit redemption period, assuming that no ciedits are redeemedi