Part A The Marleybone Company, a publishing company, owns many book titles that are sold across the country. The selling price of each of its titles is based on readily available selling prices. Its most popular titles, and the related stand-alone selling price for each, are as follows: - Sports books, which sell for C50 each on average. - Entertainment books, which sell for C36 each on average. - E-books, which are not sold on their own. - Cooking books, which sell for C24 each on average. - History books, which sell for C28 on average. In order to boost sales, Marleybone offers two types of bundles: - an aftermoon braai bundle (i.e. containing sports and entertainment books) that retails for C78; and - the winter bundle (i.e. containing the cooking and history books) that retails for C42. At the beginning of the year, the company introduced a third bundle, giving customers the chance to buy a bundle of all the books titles for C126. - This offer, marketed as the new year's resolutions bundle, also includes one-month's access to a variety of e-books. - E-books are a new offering by Marleybone and have not been sold before. - The company estimates the cost of providing access to the e-books online is C6 per reader. - A 16% profit mark-up on cost is considered appropriate. Required: a) Show how the transaction price for the afternoon braai bundle, the winter bundle and the new year's resolutions bundle should be allocated. b) Briefly explain how the prices of each of the three bundle prices are allocated. Ignore loss allowances. Part B Use the same information as provided in Part A, together with the following: During January 209, a total of 200 new year's resolutions bundles were sold, all for cash. All the items within the bundle, with the exception of the sports books and the e-books, had been posted to the customers by 31 January 209. - The sports books are only published every 4 months with the next edition due to be published on 10 April 209 and thus the 100 customers who purchased the new year's resolutions bundle in January 209 will receive their sport books in April 209. - The e-books are provided for a period of two months from the date on which the new year's resolutions bundle was purchased. Customers purchased their e-books at various stages during January. It was estimated that, on average, 60% of the promised access to the e-books had been provided by 31 January 209. Required: Prepare the journal entry to account for the receipt from the sale of 100 new year's resolutions bundles during the financial year ended 31 January 209. Ignore loss allowances