(Y) Company manufactures and sells software programs that include an assurance-type warranty for the first 180 days. (Y) company also offers an optional extended coverage plan under which it will repair or replace any defective part for (1) years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the software program and the extended warranty is $50,000. The standalone price of each is $40,000 and $10,000, respectively. The estimated cost of the assurance-warranty is $4,400 According to the above information answer the following questions: 1. The amount assigned to the assurance warranty as weamed warranty revenue should be: 550.000 b. $40,000 CS10,000 d 54,100 2. The amount assigned to the allowances for assurance Warranty should be 6 a $40.000 6 $4,400 $10.000 d $4.400 3. The credit side of the entry entries) to record this transaction should be including a: Uncamned warranty Revenue 10,000 b. Allowances for assurance warranty 4.400 c Sales Revenge 40.000 d. All the above 4 How many performance obligations does (1) company have? 2. (Y) company has two performance obligations one related to providing the software program and the other related to the extended warranty beyond the expiration of the assurance-type warranty 6 (9) company has one performance obligation related to providing the software program c. (Y) company has one performance obligation related to the extended warranty beyond the expi on of the assurance-type warranty d. None of the above