Sony sells PlayStation 4 with a 6 month subscription to their online system, PlayStation Plus, for the bundled price of $250. Sold separately, a subscription to PlayStation Plus is normally $100 for a 6 month subscription. Without the subscription to PlayStation Plus, the PlayStation 4 sells for $200. Answer the questions below related to Sony's sale of one bundle, including the PlayStation 4 and a 6 month subscription to PlayStation Plus. Round all answers to the nearest dollar. 1. List Sony's performance obligations in the contract 2. Calculate the amount of the transaction price to be allocated to each performance obligation that you listed above. 3. When will Sony recognize the revenue that you calculated above? (Hint: this may be at different times) 4. Record the journal entry or entries necessary for Sony to record the revenue. Ignore the Inventory/COGS component of the journal entry(ies). Format Table