On May 1, 2018, Meta Computer, Inc., enters into a contract to sell 5,600 units of Comfort Office Keyboard to one of its clients, Bionics, Inc., at a fixed price of $95,200, to be settled by a cash payment on May 1. Delivery is scheduled for June 1, 2018. As part of the contract, the seller offers a 25% discount coupon to Bionics for any purchases in the next six months. The seller will continue to ofer a 5% discount on all sales during the same time period, which will be available to all customers. Based on experience, Meta Computer estimates a 50% probability that Bionics will redeem the 25% discount voucher, and that the coupon will be applied to S55000 of purchases. The stand-alone selling price for the Comfort Office Keyboard is $19.00 per unit. How many performance obligations are in this contract? Number of performance obligations Prepare the journal entry that Meta would record on May 1, 2018 using the given information. Then, prepare the journal entry assuming the same facts and circumstances as above, except that Meta gives a 5% discount option to Bionics instead of 25%. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show lessA View transaction list Journal entry worksheet Record the entry for Meta on May 1, 2018. Note: Enter debits before credits Transaction General Journal Debit Credit Cash Deferred revenue-keyboards Deferred revenue-discount option Prepare the journal entry that Meta would record on May 1, 2018 using the given information. Then, prepare the journal entry assuming the same facts and circumstances as above, except that Meta gives a 5% discount option to Bionics instead of 25 -no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less View transaction list Journal entry worksheet Record the entry for Meta on May 1, 2018 assuming that Meta gives a 5% discount option to Bionics instead of 25%. Note: Enter debits before credits. Credit Transaction General Journal Debit Cash Deferred revenue-keyboards