Crane's Agency sells an insurance policy offered by Windsor Insurance Company for a commission of $190. In addition, Crane will receive a further commission of $46 each year for as long as the policyholder does not cancel the policy. After selling the policy, Crane does not have any remaining performance obligations. Based on its significant experience with these types of policies, Crane estimates that policyholders on average renew the policy for 3.5 years. It has no evidence to suggest that previous policyholder behaviour will change. (a) Your answer is correct. Determine the transaction price of the arrangement for Crane, assuming 85 policies are sold. Transaction price eTextbook and Media List of Accounts 29,835 Attempts: 2 of 3 used Prepare the journal entry, assuming that the 85 policies are sold in January 2023 and that Crane receives cash for commissions from Windsor. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Date January, 2023 Cash Unearned Revenue Debit 29835 Credit 16150 13685