Please answer both questions. if your unsure, please don't make an attempt. Thank you for your help

Clarks incorporated, a shoe retaller, sells boots in different styles. In early November the company starts selling "SunBoots" to customers for $65 per pair. When a customer purchases a pair of SunBoots. Clarks also gives the customer a 30% discount coupon for any additional future purchases made in the next 30 days. Customers can't obtain the discount coupon otherwise. Clarks anticipates that approximately 20% of customers will utilize the coupon, and that on average those customers will purchase additional goods that normally sell for $120. Required: 1. How many performance obligations are in a contract to buy a pair of SunBoots? 2. Assume Clarks cannot estimate the stand-alone seling price of a palr of SunBoots sold without a coupon. Prepare a journal entry to record revenue for the sale of 1,000 palrs of SunBoots, assuming that Clarks uses the residual method to estimate the standalone selling price or SunBoots sold without the discount coupon Complete this question by entering your answers in the tabs below. How many performance obligations are in a contrect to buy a pair of SunBoote? 1. How many performance obigations are in a contract to buy a pair of SunBcots? 2. Assume Clarks cannot estumate the stand-alone seling price of a pair of SunBoots soid without a coupon. Prepare a joumal entry to record revenue for the sale of 1,000 pairs of SunBoots, assuming that Clarks uses the residual method to estmate the standalone selling price of SunBoots soid without the discount coupon. Complete this question by entering your answers in the tabs below. Assume Clarks cannot estimate the stand-alone seling price of a pair of SunBoots sold without a coupon. Prepare a journal entry to record revenue for the sale of 1,000 pairs of SunBoots, assuming that Clarks uses the residual method to estimate the stand-alone selling price of SunBoots sold without the discount coupon. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field Show Inssa Journal entry worksheet Record the revenue for the sale of 1,000 pairs of Sunboots. Noter Eneer dabta beforn codita