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 $420, a price that represents a 30% discount from the regular Probook price of $600. It is expected that 25% of the discount coupons will be utilized A coupon to purchase a one year extended warranty for $70. Customers can buy the extended warranty for $95 at other times if they do not use the $70 coupon Creative estimates that 45% 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 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 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. Performance Obligation? Percentage of Total Stand Alone Price 100.00% Stand Alone Price 76,950,000 0 Yes No Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand alone price Yos 76.950.000 100.00% Item Descrption Percentage of Total Stand Alone Price 100.00% Total Transaction Price Allocated Contract Price Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Prepare a journal entry to record sales of 90,000 Protab Packages. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction Credit Debit 78,750,000 General Journal Cash Sales revenue Deferred revenue - extended warranties