Creative Computing sells a tablet computer called the Protab. The $920 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 $400 a price that represents a 50% discount from the regular Probook price of $800. It is expected that 25% of the discount coupons will be utilized. . A coupon to purchase a one-year extended warranty for $45. Customers can buy the extended warranty for $80 at other times if they do not use the 545 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 $900. Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 90,000 Protab Packages Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 90.000 Protab Reg 1 and 2 Reg 3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract. Percentage of Total Stand Alone Price Stand Alone Price 89.06% Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand alone price Performance Obligation? Yes NO Yes Yes $ S $ 81,000,000 0 9,000,000 945,000 90,945,000 $ $ 9.90% 1.04% 100.00% M Item Descrption Percentage of Total Stand Alone Price 89.06% Total Transaction Price $ 82,800,000 Allocated Contract Price $ 73,741,680 Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price $ $ 9.90% 1.04% 82,800,000 = 82,800,000 - $ $ 8,197 200 861,120 82,800,000 $