6. Call Me Maybe Company, (The Company), a small Canadian publicly traded telecommunications company, is facing significant competition from various competitors. The Company offers a variety of products and services. Customers have the option of buying a phone, obtaining telecommunication services, or both. Typically, the Company would sell its phone for an average price of $200 and offer customers a variety of phone plans. To attract new customers, the Company is offering a special promotion (see below). The President of the Company, Carly Rae Jepsen, was quot saying although the average monthly telecommunication services plan price is $5/month higher, the customer will receive a free phone! Special Promotion: $25/month Unlimited talk & text Free phone included With a 3-year contract Required: Analyze and explain, with supporting rationale, how the Company should recognize revenue for the above special promotional offer. Ensure to support your analysis. 6. Call Me Maybe Company, (The Company), a small Canadian publicly traded telecommunications company, is facing significant competition from various competitors. The Company offers a variety of products and services. Customers have the option of buying a phone, obtaining telecommunication services, or both. Typically, the Company would sell its phone for an average price of $200 and offer customers a variety of phone plans. To attract new customers, the Company is offering a special promotion (see below). The President of the Company, Carly Rae Jepsen, was quot saying although the average monthly telecommunication services plan price is $5/month higher, the customer will receive a free phone! Special Promotion: $25/month Unlimited talk & text Free phone included With a 3-year contract Required: Analyze and explain, with supporting rationale, how the Company should recognize revenue for the above special promotional offer. Ensure to support your analysis