BikeNow retails and services bicycles. On 1 March 2021, BikeNow entered into an agreement with the Burwood Cycling Club to supply the club with 10 cyclocross bicycles and provide 2 maintenance services for a total contract price of $38,500 (GST Inclusive). The Burwood Cycling Club paid 40% of the contract amount on the day of entering the contract agreement and the remaining 60% on 5 April 2021. The 10 bicycles were sold and delivered to the Burwood Cycling Club on 15 April 2021. The stand-alone price of 1 bicycle is $3,960 (GST Inclusive). The first maintenance service is scheduled to be provided 1 month after the day of the sale and is worth $55 (GST Inclusive) per bicycle. The second maintenance service is scheduled to be provided 6 months after the day of the sale and is worth $110 (GST Inclusive) per bicycle. Required: Allocate the transaction price between each performance obligation. Show your workings. BikeNow retails and services bicycles. On 1 March 2021, BikeNow entered into an agreement with the Burwood Cycling Club to supply the club with 10 cyclocross bicycles and provide 2 maintenance services for a total contract price of $38,500 (GST Inclusive). The Burwood Cycling Club paid 40% of the contract amount on the day of entering the contract agreement and the remaining 60% on 5 April 2021. The 10 bicycles were sold and delivered to the Burwood Cycling Club on 15 April 2021. The stand-alone price of 1 bicycle is $3,960 (GST Inclusive). The first maintenance service is scheduled to be provided 1 month after the day of the sale and is worth $55 (GST Inclusive) per bicycle. The second maintenance service is scheduled to be provided 6 months after the day of the sale and is worth $110 (GST Inclusive) per bicycle. Required: Allocate the transaction price between each performance obligation. Show your workings