Q5.1 4 Points Muscle Gym Ltd is a gym club that charges an upfront non-refundable membership fee which is payable on joining the club. In addition, it also charges a non-refundable annual fee at the start of each year. Discuss when Muscle Gym Ltd can recognise revenue for the fees received in accordance with AASB15 Revenue from contracts with customers. (4 marks) Type your answer to Q. 5.1 in the ANSWER BOX below. Enter your answer here Q5.2 4 Points Sia Ltd provides a bundled network service to customers. On 1 October 2021, it signs a contract with a customer. Sia Ltd charges the customer $60,000, which includes initial connection fees to its network and ongoing services for 2 years for both access fees and troubleshooting services. The customer pays the $60,000 fee upfront on 1 October 2021. Sia Ltd determines that, if it were to offer these services separately, the fees would be as follows: Sia Ltd 's reporting period is on 30 June every year. Prepare the journal entries for the above contract for the year ended 30 June 2022 in Sia Ltd.'s books. Record all amounts to the nearest whole dollar. ( 4 marks) Upioad your answer to Q. 5.2 in PDF below