Kinnamont Company manufactures farming equipment that includes navigational systems as part of the standard equipment package and offers on any navigational systems for an additional fee. Smith Company enters into a contract with Kinnamont that includes a combine, a navigational sy training. Identify the performance obligations to which Smith should allocate the transaction price: The combine, the navigational system, and the training account for one performance obligation because they are all part of the same contract The combine including the navigational system and the training as two separate performance obligations No performance obligations exist because the work on the contract, including the training, has not begun. The combine, the navigational system, and the training as three separate performance obligations