Creative Computing sells a tablet computer called the Protab. The $875 sales price of a Protab Package includes the following: One Protab computer. A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. A coupon to purchase a Creative Probook e-book reader for $525, a price that represents a 30% discount from the regular Probook price of $750. It is expected that 20% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $40. Customers can buy the extended warranty for $80 at other times if they do not use the $40 coupon. Creative estimates that 30% of customers will purchase an extended warranty. Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $855 Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract 3. Prepare a journal entry to record sales of 100,000 Protab Packages (ignore any sales of extended warranties) Req 1 and 2 Req 3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 1 Packages to the separate performance obligations in the contract Percentage of Total Stand Alone Price Performance Item Descrption Obligation? Stand Alone Price Protab tablet 0 Limited 6-month warranty 0 Option to purchase a Probook 0 Option to purchase extended warranty 0 Total stand alone price 0.00% Percentage of Total Stand Alone Price Total Transaction Price Allocated Contract Price x Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price 0