Crane Company sells goods that cost $350,000 to Blue Spruce Company for $425,000 on January 2, 2020. The sales price includes an installation fee, which is valued at $34,800. The fair value of the goods is $400,200. The goods were delivered on March 1, 2020. Installation is considered a separate performance obligation and was completed on June 18, 2020. Under the terms of the contract, Blue Spruce Company pays Crane $262,000 upon delivery of the goods and the balance at the completion of the installation. (a) Using the five-step process for revenue recognition, determine when and how much revenue would be recognized by Crane. Assume IFRS is followed. (Round percentage allocations to 2 decimal places, 15.25 and final answers to O decimal places, e.g. 5,275.) Performance Obligation When? How much? Deliver goods Installation Total +A