Allocating Transaction Price to Performance Obligations and Recording Sales

Software Supplier Inc. sells to a customer a perpetual software license and post$-$contract customer support for a $12-$month period, commencing at the time that the software is activated. Software Supplier Inc. charges $$540$ upfront when the software is purchased and $$36$ a month for $12$ months, due at the end of the month. Software Supplier Inc. sells the software separately for $$720$ while the standalone selling price of the post$-$contract customer support is $$360.$

Note: Carry all decimals in calculations; round the final answer to the nearest dollar.

Note: If a journal entry $($or a line of the journal entry$)$ isn't required for the transaction, select $"$N$/$A$"$ as the account names and leave the Dr$.$ and Cr$.$ answers blank $($zero$).$

a$.$ How should the transaction price be allocated among the performance obligation$($s$)?$

b$.$ Prepare Software Supplier's journal entry to record sale of software to the customer and the entry for the first monthly payment.

$\backslash$table$[[$Account Name,Dr$.,$Cr$.],[$Cash$,540,0],[$Deferred Revenue,$0,540],[$Sales Revenue,$0,972],[$To record sale of software.,,:.