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c. Prepare tne journai enry to recogize revenue ror tne saie or a new m 2. Assume F&S offers a "Fit 60" coupon book with 60 prepaid visits over the next year. F&S has learned that Fit 60 purchasers mak an average of 50 visits before the coupon book expires. A customer purchases a Fit 60 book by paying $750 in advance, and for a snip. additional visits over 60 during the year after the book is purchased, the customer can pay a $15 visitation fee per visit. F&S typical charges $15 to nonmembers who use the facilities for a single day a. & b. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you hav C Prepare the ourna ey to otene for he sale of a new Ft 60 book. c. Prepare the journal entry to recogrtize revenue for the sale of a new Fit 60 book. Complete this question by entering your answers in the tabs below. Req 1A and 18 Req 1C Req 2A and 28 Req 2C Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have allocate a portion of the contract price. of Total Stand Alone Prices nce Item Description obligations? Stand Alone Prices Total stand alone price DescriptionAlone Price Percentage of Total Stand Allocated Contract Price Total Transaction Price Gym Total contract price Req 1C