Prcela Inc. sells lawn mowers and provides maintenance services.
On March 1, 2020 Prcela sold a package deal containing a lawn mower
and a one-year unlimited maintenance and repair service for the
lawn mower at a bundle price of $1,000. Customers can purchase the
maintenance and repair services from other vendors if they wanted to.
If sold separately, the sales price for each is as follows:
Lawn Mower	$840
One-year Maintenance contract	$360
The lawn mower was delivered on March 1st., and
the maintenance contract went into effect on the same day.
Required:	YOU WILL NOT RECEIVE CREDIT UNLESS YOU SHOW YOUR WORK
1. Identify the performance obligation(s) in the contract?
2. How much revenue will be allocated to each performance obligation?