Pacific Fitness (#1 is marketing a 'fitness package' in which for $ 400, it provides customer with 6-month gym membership (which retails separately for $500, a gym bag (which retails separately for $31) and five free Zumba classes (which retails separately for $65). You are required to determine. a) Separate performance obligations and how much of the transaction price to allocate to each performance obligations Goods and Services Stand-alone Price Discount Allocation Allocated Amount Gym Membership Gym Bag Zumba Class Total b) Pacific Fitness Ltd sold 13 packages advance and receive first payment on 30 May 2023. The reporting period is 30 June 2023. Provide the accounting entries to record the receipt of the cash and the subsequent reporting date adjustment 30 May 2023 Debit/Credit Description Debit Amount Credit Amount Cash at bank Revenue in Advance 30 June 2023 Debit/Credit Description Debit Amount Credit Amount Cash at bank Revenue in Advance c) What is the balance of revenue and liability amount impacted by the above transaction (item b) on 30 August 2023? Total Description Revenue Liability