Creative Computing sells a tablet computer called the Protab. The $780 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 $240, a price that represents a 40% discount from the regular Probook price of $400. It is expected that 25% of the discount coupons will be utilized.
• A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $75 at other times if they do not use the $50 coupon. Creative estimates that 40% 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 $760.

Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 95,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 95,000 Protab Packages.

Reg 1 and 2 Req3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 95,0 Packages to the separate performance obligations in the contract. Stand Alone Price Percentage of Total Stand Alone Price 0 Performance Obligation? Yes No Yes No Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand alone price 0 0 0 0.00% 0 Percentage of Total Stand Alone Price * Total Transaction Price Allocated Contract Price Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price $ 0