Jack's tutoring provides accounting tutoring services to college students. Jack's provides the tutoring itself (the instruction) as well as the workbook used during instruction. Some customers only wish to buy the workbook and others only wish to recelve tutoring (instruction). Most students purchase the workbook if they choose to have tutoring (instruction). Round all answers and do not worry about minor rounding differences. Assume that Jack's only makes one entry for all revenue earned in a given month at the END of the month. ALL COMPUTATIONS AND TRANSACTIONS ARE FOR ONE STUDENT ONIY. ISE PROBLEM \#1 LOCATED UNDER THESE QUESTIONS 1 - 6 BELOW. THE REST ARE GENERAL QUESTIONS ABOUT THE CHAPTER. 1.) What amount of the total transaction price should be allocated to the workbook? 2.) What amount of the total transaction price should be allocated to the tutoring? 3.) Record the joumal entry required at the date of the contract. What is the impact on the liability section of the balance sheet. 4.) What is the amount of total revenue that should be recognized in the current accounting period (12/31/X7)? 5.) What is the TOTAL balance in ALL deferred revenue accounts at the end of the current accounting period (12/31/X7)? Consider all deforred revenue accounts for any/all performance obligations. 6.) What is the amount of total revenue that should be fecognized in the subsequent accounting period (12/31/X8)