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Barb Industries enters into a contract with a customer to sell three products for a total transaction price of $720,000. Each product is appropriately classified as a separate performance obligation. Barb Industries sells products A and B only on an individual basis, so it must estimate the standalone selling price for product C. Information related to these three products is provided in the following table. (Click the icon to view the information.) How should Barb Industries allocate the transaction price to the three products under each of the following three approaches: (a) the adjusted market assessment approach, (b) the expected-cost-plus-a-margin approach, and (c) the residual approach? (a) First, calculate the estimated standalone selling price for the three products using the adjusted market assessment approach. (Enter the percentage rounded to two decimal places, X.XX%. Round your answers to the nearest whole dollar.) Market Competitor Prices Product A Product B Product C Total Estimated Standalone Percentage of Total Selling Price Information Standalone Selling Price Market Competitor Prices Product A Product B Product C Total 183,000 $ 304,000 Not available Print 139,000 $ 320,000 197 ,ooo 656,000 $ Done Forecasted Cost 144,000 300,000 156,000 600,000