Blossom's Agency sells an insurance policy offered by Wildhorse Insurance Company for a commission of $290, in addition, Bitossom will receive a further commission of $42 each year for as long as the policyholder does not cancel the policy. After selling the policy. Blosson does not have any remaining performance obligations. Based on its significant experience with these types of policies, Blossom estimates that policyholders on average renew the policy for 5.5 years. It has no evidence to suggest that previous policyholder behaviour will change. (a) Determine the transaction price of the arrangement for Blossom, assuming 165 policies are sold. Transaction price Blossom's Agency sells an insurance policy offered by Wildhorse Insurance Company for a commission of $290, in addition, Bitossom will receive a further commission of $42 each year for as long as the policyholder does not cancel the policy. After selling the policy. Blosson does not have any remaining performance obligations. Based on its significant experience with these types of policies, Blossom estimates that policyholders on average renew the policy for 5.5 years. It has no evidence to suggest that previous policyholder behaviour will change. (a) Determine the transaction price of the arrangement for Blossom, assuming 165 policies are sold. Transaction price