What is the right answer?

unearned revenue :

sales revenue:

To increase sales, Blue Spruce Inc., a public company following IFRS, implemented a customer loyalty program that rewards a customer with 1 loyalty point for every $10 of purchases on a select group of products. Each point is redeemable for a $1 discount on any purchases of Blue Spruce merchandise in the next two years. Following the implementation of the program, during 2020, customers purchased select group products for $130,000 and earned 13,000 points redeemable for future purchases. (All products are sold to provide a 45% gross profit.) The stand-alone selling price of the purchased products is $130,000. Based on prior experience with incentive programs like this, Blue Spruce expects 12,500 points to be redeemed related to these sales. (Blue Spruce appropriately uses this experience to estimate the value of future consideration related to bonus points.) Your answer is correct. Identify the separate performance obligation in the Blue Spruce bonus point programs. (Round answers to decimal places, eg. 5,125. Do not round intermediate calculations.) Products 118599 Bonus points $ $ 11401 Prepare the journal entries for cash sales including the issuance of bonus points for Blue Spruce in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Cash 130000 Unearned Revenue 118599 Sales Revenue 11401 (To record cash sale) Cost of Goods Sold 71500 Inventory 71500 (To record cost of goods sold)