question D thankyou very much

5-Step Revenue Recognition Sample Problems 1. Zoco Ltd. sell sensors which are used in the trucking industry for tracking semi-trailer locations. The company also sells monitoring services, which provides clients with advanced online analytics information including average speed along route, shortest route confirmation, anticipated maintenance requirements, etc. The company sells each sensor for $228 (without monitoring services), Sensors can also be purchased with a two-year monitoring package included for $350. Zoco also sells its monitoring services separately for $152 per sensor for a two-year term. On October 1, 2020, Zoco sold 200 sensors (with monitoring services) to Haulit Trucking Ltd. Haulit paid for the sensors at the time of purchase. The sensors cost Zoco $125 each. Required: (a) Identify Zoco's performance obligations under the contract. (b) Allocate the transaction price to the performance obligation(s). (c) Determine the revenue that Zoco would be able to recognize in October 2020. Explain your reasoning (d) Prepare the journal entries that Zoco would record in October 2020