Cullumber Company sells goods that cost $295,000 to Mark Company for $415,000 on January 2,2023 . The sales price includes an installation fee, which is valued at $39,100. The fair value of the goods is $385,900. The goods were delivered on March 1, 2023. Installation is considered a separate performance obligation and was completed on June 18, 2023. Under the terms of the contract, Mark pays Cullumber $267,000 on 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 Cullumber. Assume IFRS is followed. (Round percentage allocations to 2 decimal places, 15.25% and final answers to 0 decimal places, e.g. 5,275.) eTextbook and Media List of Accounts Attempts: 0 of 2 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above