2. On July 15, 20X1, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient- weighing system for a price of $98,000. The system included finely tuned scales that fit into EverFresh's automated assembly line and Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system. Ortiz's scales and software are highly interrelated and do not provide any value to the customer on standalone basis. In addition, the contract provides EverFresh (at no additional cost) with one-year access to Ortiz's calibration services for the equipment and software on an as-needed basis. Assume that Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems-i.e., other vendors are able to perform calibration on Ortiz's products. If Ortiz was to provide these goods/services separately, it would charge $90,000 for the scales and software and $10,000 for a year of calibration service. Ortiz delivered and installed the scales and software on August 1, 20X1, and the calibration service period started on this date. Ortiz received $98,000 from EverFresh on August 1, 20X1. Prepare the journal entry for Ortiz on August 1, 20X1. Do not sum the effects of separate performance obligations into a single line item in the journal entry. (1.5 points)