Case let 2: Mr. Jammu owns the Jammu Company that manufactures various types of equipment. JammXs products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from Rs. 140,000 to Rs. 1,200,000. The company also offers the installation of equipment at an additional cost. The installation process does NOT involve changes to the features of the equipment to perform specifications. Jammu has the following relationship with Rose Inc. Rose can purchase equipment from Jammu for a price of Rs. 200,000 and contracts with Jammu to install the equipment. The same equipment is sold to other customers at Rs. 200,000 without installation. Due to the long-standing relationship with Rose, Jammu has offered Rose installation without any additional charge. The cost of the equipment to Jammu is Rs. 78,000. Jammu will install similar equipment at an estimated price of Rs. 20,000. 2 Rose is obligated to pay Jammu the Rs. 200,000 upon delivery and installation of the equipment. Jammu delivers the equipment on 01 August 2020 and completes the installation of the equipment on October 1, 2020. The equipment has a useful life of 7 years. Mr. Jammu wants the equipment, and the installations should be accounted for separately. Q4. Calculate the revenue ofJammu Company from the sale of equipment as well asthe service revenue from the installation. Give justification for your answer. Q5. How and when the revenue should be recorded for Jammu Company. Give justification for your answer.