Problem IV: (11 points) Zen Corp., a calendar year-end company, provides group yoga lessons in the Raleigh area. In December of 2021, it entered into a contract with a large company to provide group yoga lessons for the next six months to the company's employees. The contract states the following: The price charged for the first 60 lessons will be $300 per lesson. After 60 lessons, the price charged will fall to $250 for the remaining lessons in the contract period. Additional information is as follows: Zen Corp. estimates 100 lessons will be given throughout the six-month contract period. During the month of December, ten (10) lessons were performed, and the customer was billed $300 per lesson for a total of $3,000. The bill was sent to the customer on December 31, 2021. The customer paid Zen Corp. for the December lessons on January 10, 2022. Part A: What is the total transaction price allocated to the performance obligation and the transaction price for each yoga lesson? (2 pts) Total Transaction Price = $ Transaction Price per Yoga Lesson = $ Calculations: Part B: Prepare the journal entries Zen Corp. should make when the customer is billed on December 31, 2021, and the cash receipt on January 10, 2022. (9 pts) Debit Credit Date 12/31/21 1/10/22