2. Regina Corporation sells commercial dishwashers to Canadian restaurants. Regina arks Corporation also sells contracts to repair and maintain these dishwashers for a 2-year period. In addition to selling and servicing these dishwashers on a stand-alone basis, Regina Corporation bundles the sale and servicing of the dishwasher together, and sells the bundle for an all-inclusive price. Information pertaining to these transactions follows: Saskatoon Restaurants Inc. (SRI) purchases 5 dishwashers and service agreements from Regina Corporation for an all-inclusive price on May 31, 2021. SRI makes a partial downpayment on May 31, 2021. The remainder of the contract price is due 2 weeks following the delivery of the dishwashers to SRI. All-inclusive price for the 5 dishwashers and service agreements 18,235 Percentage downpayment made on May 31, 2021 16% On June 30, 2021, Regina Corporation delivers the dishwashers to SRI. SRI pays the balance owing for the dishwashers and service agreements in full on July 10, 2021. Regina Corporation follows IFRS. Required: 1. Determine the appropriate allocation of the selling price to the various performance obligations. Round to the nearest dollar. (2 marks) 2. Prepare the journal entries required for this revenue arrangement for Regina Corporation on of the following dates: May 31, 2021 (1 mark) June 30, 2021 (3 marks) July 10, 2021 (1 mark)