$($b$)$ A company has the following transaction: On $1$ June $20$X$3$ they supply new computers to a

customer along with a maintenance agreement for two years for a total upfront payment of

M$430000.$ The maintenance agreement could be purchased separately for M$250000,$ the

computers price would also be M$250000.$

Required

i$)$ Explain the revenue recognition for this transaction in the financial statements for the year

ended $31$ December $20$X$3.[3$ marks$]$

ii$)$ Calculate the figures for this transaction that will be shown in the financial statements for the

year ended $31$ December $20$X$3.[2$ marks$]$