(3) First, complete the table that follows, entering the transaction price, standalone selling price, and allocated transaction price for the entire, 15-month contract life. Next, record the entry by the seller, one month after initiation of the contract. Transaction Standalone Performance Price Selling Allocated Obligations as Stated Price Transaction Price Upfront fee Answer 7,500 Answer 0 Answer 0 Cable service Answer 120,000 Answer 120,000 Answer 105,000 Internet service Answer 30,000 Answer 60,000 Answer 52,500 157,500 180,000 157,500 Account Name Dr. Cr. Cash 157,500 0 Answer Service RevenueCable Service 0 105,000 Answer Service RevenueInternet Service 0 52,500 Answer Deferred Revenue 0 0 Answer To record revenue