The Rink offers annual $400 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member to receive ten "40% off a $5 meal" coupons that are Fedeemable at the Rink's snack bar. The Rink estimates that approximately 75% of the coupons will be redeemed and that, if the coupons weren't redeemed. $5 meals still would be discounted by 8% because of ongoing promotions. Required: Calculate how much of the transaction price should be allocated to each performance obligation in the contract. Round your answer to 2 decimal places.) Transaction price Meal ce skating facilities and locker rooms Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A: Dated 5/31/2021, principal of $137,000 and interest due 3/31/2022. Note 8: Dated 7/1/2021, principal of $229,000 and interest at 7% annually, due on 4/1/2022. Frankenstein had accrued a total of $16,500 interest receivable from these notes in its 12/31/2021 balance sheet The annual interest rate on Note A is closest to: Multiple Choice 700% 10.62% 10.92% 11.22%