Mauer Company follows IFRS and licenses consumer-relationship software to Hedges Inc. for three years. In addition to providing the software, Mauer promises to provide consulting services over the life of the licence to maintain operability within Hedges' computer system. The total transaction price is $200,000. Based on stand-alone values, Mauer estimates the consulting services have a value of $75,000 and the software licence has a value of $125,000. Upon installation of the software on July 1, 2017, Hedges pays $100,000; the contract balance is due on December 31, 2017. Identify the performance obligations and the revenue in 2017, assuming
(a) The performance obligations are interdependent, and
(b) The performance obligations are not interdependent.