Please answer both questions. if your unsure, please don't make an attempt. Thank you for your help

On May 1, 2024, Meta Computer, Incorporated, enters into a contract to sell 4,000 units of Comfort Office Keyboard to one of its clients, Bionics, Incorporated, at a fixed price of $68,000, to be settled by a cash payment on May 1 . Delivery is scheduled for June 1 , 2024 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 offer a 5% discount on all sales during the same time period, which will be avallable to all customers. Based on experlence, Meta Computer estimates a 50% probability that Bionics will redeem the 25% discount voucher and that the coupon will be applied to $40,000 of purchases. The stand-alone selling price for the Comfort Orrice Keyboard is $1900 per unit. Required: 1. How many performance obligations are in this contract? 2. Prepare the joumal entry that Meta would record on May 1, 2024 3. Assume the same facts and circumstances as above, except that Meta gives a 5% discount option to Bionics instead of 25%. In this case, what journal entry would Meta record on May 1, 2024? Complete this question by entering your answers in the tabs below. How many performance obligations are in this contract? Deaulred. Required: 1. How many performance obligations are in this contract? 2. Prepare the journal entry that Meta would record on May 1, 2024 3. Assume the same facts and circumstances as above, except that Meta gives a 5% discount option to Bionics instead of 25% in this case, what journal entry would Meta record on May 1, 2024? Complete this question by entering your answers in the tabs below. Prepare the journal entry that Meta would record on May 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry for Meta on May 1, 2024. Note: Enter debirs before credits. Chents, Bionics, incorporated at a fixed pnice of $68.000, to be settled by a cash poyment on May 1 . Delivery is scheduled for June 1 , 2024 As part of the contract, the selief offers a 25\% discount coupon to Bionics for any purchases in the next sax months. The seller wer continue to ofter a St discount on all sales during the sarse tme penod, which will be avalioble to all customers Based on experience. Meta Conputer estimates a 50% probability that Blonics will redeem the 25% discount voucher and that the coupon will be applied to $40,000 of purchases. The stand-alone selling price for the Comfort Otfice Keyboard is $1900 per unit. Requlred: 1. How many performance obligations are in this contract? 2 Prepare the joumat entry that Meta would record on May 1,2024 3. Assume the some facts and circumstances as above, except that Meta gives a 5% discount opton to Blonics instead of 25%, in this case, what journal entry would Meta record on May 1.2024? Complete this question by entering vour answers in the tabs below. Assume the same focts and arcumstonces as above, exorgt that Mets gves a 5% dicount cotien to Bibeia instead of 25%. In this case. what joumal entry would Meta record on Hay 1, 2024? Journal entry worksheet Record the entry for Meta on May 1, 2021 assuming that Meta gives a 576 discoumt opten to bienies instead of 25%