Revenue from a Bundled Sale Assume that on June 30, Dell sells a laptop computer with a one-year warranty for $1,000. Its fiscal year ends September 30 of the current year. Dell estimates that the value of the hardware sold is $960 and the warranty is $40. Required: 1. Identify the performance obligation (components of the bundled sale) 2. Determined the transaction price 3. Allocate the transaction price to performance obligation 4. Determined the amount of revenue that should recorded in the current year and the following year