Pfizer Ltd offers discounted bundled health insurance packages. Pfizer Ltd's bundled service package includes "joining fee' which is offered a inception of the contract and two ongoing services-Audiologist services" and "Physiotherapy services' over a one-year period. Customer L pays $7,000 upfront, on 1 July 2020. Pfizer Ltd determines that, if it were to charge a separate fee for each service if sold separatel fee would be as follows. Joining fee Audiologist services Physiotherapy services $1,000 $4,000 $5,000 The end of Pfizer Ltd's reporting period is 30 June. Required a) Prepare the journal entry to record this transaction in accordance with AASB 15/IFRS 15 at 1 July 2020 (at inception of the agreement). (1 mark) b) Prepare journal entries for the year ended 30 June 2021. (1 mark)