Creative computing sells a tablet computer called the protab. the $970 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 $250, a price that represents a 40% discount from the regular probook price of $625. it is expected that 20% of the discount coupons will be utilized. a coupon to purchase a one-year extended warranty for $60. customers can buy the extended warranty for $60 at other times if they do not use the $60 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 $950.required: 1. & 2. indicated below whether each item is a separate performance obligation and allocate the transaction price of 80,000 protab packages to the separate performance obligations in the contract.3. prepare a journal entry to record sales of 80,000 protab packages (ignore any sales of extended warranties).item descrption performance obligation? stand alone price percentage of total stand alone priceprotab tablet yes $76,000,000 89.62%limited 6-month warranty no option to purchase a probook yes $4,000,000 4.72%option to purchase extended warranty yes $4,800,000 5.66%total stand alone price $84,800,000 100.00%item descrption percentage of total stand alone price × total transaction price = allocated contract priceprotab tablet 89.62% × $77,600,000 = $69,545,120limited 6-month warranty option to purchase a probook 4.72% × $77,600,000 = $3,662,720option to purchase extended warranty 5.66% × $77,600,000 = $4,392,160total contract price $77,600,000prepare a journal entry to record sales of 80,000 protab packages (ignore any sales of extended warranties). (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)general journal debit credit1 cash 77,600,000 sales revenue 77,600,000deferred revenue - discount option ?