it \\& \\( 5 \\lim \\) (F\\&S) is a health club that offers members various gym services. Required: 1. Assume F\\&S offers a deal whereby enrolling in a new membership for \\( \\$ 700 \\) provides a year of unlimited access to facilities and also entities the member to recelve a voucher redeemable for \25 off yoga classes for one year, The yoga classes are offered to gym members as well as to the general public. A new membership normally sells for \\( \\$ 720 \\), and a one-year enrollment in yoga Classes sells for an additional \\( \\$ 500 \\). F8S estimates that approximately \40 of the vouchers will be redeemed, FES offers a \10 discount on all one-year enrollments in classes as part of its normal promotion strategy a. \\( \\boldsymbol{b} \\) b, Indicate below whether each item is a separate performance obligation. For each separate performance oblilgation you have indicated, allocate a portion of the contract price. c. Prepare the journal entry to recognize revenue for the sole of a new membership. 2. Assume F\\&S offers a \"Fit \\( 50^{\\circ} \\) coupon book with 50 prepaid visits over the next yeat, F\\&S has learned that Fit 50 purchasef5 make an average of 40 visits before the coupon book expires. A customer purchases a Fit 50 book by paying \\( \\$ 500 \\) in advance. and for any additional visits over 50 during the year after the book is purchased, the customer can pay a \\( \\$ 15 \\) visitation fee per visit. F\\&S typicaly charges \\( \\$ 15 \\) to nonmembers who use the facilitus for a single day. \\( \\mathbf{a} . \\mathbf{8} \\mathbf{b} \\). Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price. c. Prepare the journal entry to recognize revenue for the sale of a new Fit 50 book. Complete this question by entering your answers in the tabs below. Indicate below whether each item is a separate performance ebligation. For each separate performance obligation you have incicated, allocate a portion of the contract price