Tablet Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is 500. The standalone selling price of the tablet is 200. Tablet Tailors sells the Internet access service independently for in advance payment of 300 (paid at January 2, 2019). On January 2, 2019, Tablet Tailors signed 100 contracts, receiving a total of 50,000 in cash. How much revenues should be recognized during 2019. Select one: a. $30,000 b. $40,000 c. $20,000 d. $50,000 On March 10, 2019, Alkhubra Company sold to Barr 100 Headphones at a price of $60 each (cost $40 per set) with terms of n/60, f.o.b. shipping point. Alkhubra allows Barr to return any unused Headphones within 60 days of purchase. Alkhubra estimates that (1) 5 Headphones will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2019. Barr returned 2 Headphones and received a credit to its account What is the net sales that should be reported in the income statement assuming Alkhubra prepare its financial statements at March 31, 2019 Select one: a 5,800 b. 6,000 C. 4,000 d. 5.920