Part A Part B CharterX Inc. establishes a contract with a customer to deliver both a cable television receiver (equipment) and cable television service for 15 months. In exchange, the customer pays a $525 upfront fee for installation of the cable television receiver (which must be returned to CharterX Inc. at the end of the contract term) and pays $560 a month for the premium package of 200+ channels. The $525 upfront fee has no standalone selling price as it is not sold separately. The $560 charge per month for cable services is at its standalone selling price. The company has determined that the contract for the receiver is not a lease. Required a. (1) How many performance obligations are established in the revenue contract? (2) Record the entry by the seller at the initiation of the contract assuming 100 contracts are initiated. Account Name To record customer upfront fee Dr. Cr. 0 0 0 0 (3) Record the entry by the seller one month after initiation of the contract. Account Name To record revenue < < < Dr. Cr. ooo 0 0 0 0 0