QUESTION $1(10$ MARKS$)(15$ MINUTES$)$ Auto Cars Ltd is a car dealership based in the South of Johannesburg with a $31$ December year end. Auto Cars entered into a contractual agreement with Mr Rooi for a sale of a motor vehicle along with $4$ years of full service plan for a total of R$550000($Including $15\%$ VAT$).$ The motor vehicle is usually sold on its own and comes with a one year warranty plan. The warranty is only provided to customers that purchase vehicles at Auto cars. Customers have the option to purchase the service plan separately and the vehicle can be serviced at any other car dealership. The service plan and the vehicle are not dependent on one another and Auto Cars usually sells the $4$ years$$ service plan on a stand$-$alone basis. The contract stipulates the following: $-$ The customer will settle the full purchase price at delivery date $(31$ December $2022).-$ The vehicle can be sold without the service plan for R$350000($excluding VAT$)$ and the service plan can be sold separately to clients for R$90000($excluding VAT$).$ REQUIRED: a$)$ Identify and discuss how many performance obligations exists in the contract in terms of IFRS $15$ Revenue from Contracts with Customers. $(10)$