If someone could please help me with this. Please show work so I can understand what #'s you are using. Also, all Journal entry account name spots ARE used. Thank you.

Identifying and Recording Customer Option for Additional Merchandise Pets Inc. launches a new advertising promotion where, for each purchase over $30, it offers a coupon for a 35% discount on a future purchase. There is a limit of one coupon per customer. Pets Inc. estimates that 28% of customers receiving the coupon will redeem the coupon on an average purchase of $24. Sales on the first day of the one-week promotional period totaled $440,000 resulting in 4,400 coupons distributed. Assume all sales were cash sales. Cost of sales is 45% of the selling price. a. Determine how many performance obligations are included in a sales transaction during the advertising promotion program. Assume that coupons readily available to the public online or in company fliers have a maximum discount of 20%. Two performance obligations b. Record the journal entry to record revenue in the first day of the promotion period using the relative percentages to allocate standalone selling prices. \begin{tabular}{|l|l|l|l|} \hline To record the sale of merchandise. & 0 & 0 \\ \hline Cost of Goods Sold & v & 0 & 0 \\ \hline Inventory & v & & \\ \hline To record the cost of sale of merchandise. & & \\ \hline \end{tabular} entries. \begin{tabular}{|c|c|c|c|} \hline Account Name & & Debit & Credit \\ \hline Deferred Revenue-Merchandise Credit & ^ & 0 & 0 \\ \hline Sales Revenue-Merchandise Credit & & 0 & 0 \\ \hline N/A & ^ & 0 & 0 \\ \hline To receognize revenue. & & & \\ \hline \end{tabular} d. If the coupons, instead, offered 20% on future purchases (otherwise, same facts as before), how would the answers change to parts a and b, if at all? \begin{tabular}{|c|c|c|c|} \hline Account Name & & Debit & Credit \\ \hline Deferred Revenue-Merchandise Credit & ^ & 0 & 0 \\ \hline Sales Revenue-Unused Merchandise Credit & & 0 & 0 \\ \hline \multicolumn{4}{|l|}{ To record the sale of merchandise. } \\ \hline & ^ & 0 & 0 \\ \hline 1 & & 0 & 0 \\ \hline To record the cost of sale of merchandise. & & & \\ \hline \end{tabular} Identifying and Recording Customer Option for Additional Merchandise Pets Inc. launches a new advertising promotion where, for each purchase over $30, it offers a coupon for a 35% discount on a future purchase. There is a limit of one coupon per customer. Pets Inc. estimates that 28% of customers receiving the coupon will redeem the coupon on an average purchase of $24. Sales on the first day of the one-week promotional period totaled $440,000 resulting in 4,400 coupons distributed. Assume all sales were cash sales. Cost of sales is 45% of the selling price. a. Determine how many performance obligations are included in a sales transaction during the advertising promotion program. Assume that coupons readily available to the public online or in company fliers have a maximum discount of 20%. Two performance obligations b. Record the journal entry to record revenue in the first day of the promotion period using the relative percentages to allocate standalone selling prices. \begin{tabular}{|l|l|l|l|} \hline To record the sale of merchandise. & 0 & 0 \\ \hline Cost of Goods Sold & v & 0 & 0 \\ \hline Inventory & v & & \\ \hline To record the cost of sale of merchandise. & & \\ \hline \end{tabular} entries. \begin{tabular}{|c|c|c|c|} \hline Account Name & & Debit & Credit \\ \hline Deferred Revenue-Merchandise Credit & ^ & 0 & 0 \\ \hline Sales Revenue-Merchandise Credit & & 0 & 0 \\ \hline N/A & ^ & 0 & 0 \\ \hline To receognize revenue. & & & \\ \hline \end{tabular} d. If the coupons, instead, offered 20% on future purchases (otherwise, same facts as before), how would the answers change to parts a and b, if at all? \begin{tabular}{|c|c|c|c|} \hline Account Name & & Debit & Credit \\ \hline Deferred Revenue-Merchandise Credit & ^ & 0 & 0 \\ \hline Sales Revenue-Unused Merchandise Credit & & 0 & 0 \\ \hline \multicolumn{4}{|l|}{ To record the sale of merchandise. } \\ \hline & ^ & 0 & 0 \\ \hline 1 & & 0 & 0 \\ \hline To record the cost of sale of merchandise. & & & \\ \hline \end{tabular}