Question 14 Not yet answered Marked out of 2.00 Flag question Choi Manufacturing signs a contract to manufacture a new machine for HK$220,000. The contract includes installation which costs HK$12,000 and a maintenance agreement over the life of the machine at a cost of HK$20,000. The machine cannot be operated without the installation. Choi Manufacturing as well as other companies could provide the installation and maintenance agreement. How many performance obligations exist in this contract? O a. Four performance obligations O b. Three performance obligations O c. Two performance obligations O d. One performance obligation