Carla Vista Company manufactures products ranging from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equiprent to perform to specifications. Carla Vista has the following arrangement with Vaughn Inc. - Vaughin purchases equipment from Carla Vista for a price of $976,600 and contracts with Carla Vista to install the equipment. Carla Vista charges the sarne price for the equipment irrespective of whether it does the installation or not. Using market data, Carta Vista determines installation service is estimated to have a standalone selling price of $51,400. The cost of the equipinent is $630,000. - Vaughn is obligated to pay Carla Vista the $976,600 upon the delivery of the equipment. Carls Vista detivers the equipenent on June 1,2025, and completes the installation of the equipment on September 30, 2025. The equipment has a usctul life of 10 years. Asume that the equipment and the installation are two distinct performance obligations which should be accounted for separately. Carla Vista delivers the equipment on June 1,2025, and completes the installation of the equipment on September 30, 2025. The equipment has a useful life of 10 years. Assume that the equipment and the installation are two distinct performance obligations which should be accounted for separately. (a) How should the transaction price of $976,600 be allocated among the performance obligations? (Do not round intermedilote calculations. Round final answers to 0 decimal places, e. 5,275.) Equipment Installation 5