Jupiter Company sells goods to Danone Inc. by accepting a note receivable on January 2,2020 . The goods have a sales price of $610,000 (cost of $500,000). The terms are net 30 . If Danone pays within 5 days, however, it receives a cash discount of $10,000. Past history indicates that the cash discount will be taken. On January 28, 2020, Danone makes payment to Jupiter for the full sales price. Instructions - Determine the performance obligation(s). - Determine the transaction price. (Hint: Refer back to Chapter 7 for methods to account for sales discounts). - If applicable, allocate the transaction price to the performance obligations. - Prepare the journal entries to record the above, including the recognition of revenue