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GoWeb IT Inc. is a public company that manufactures and sells IT systems and also provides IT training and support GoWeb's customers can purchase IT

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GoWeb IT Inc. is a public company that manufactures and sells IT systems and also provides IT training and support GoWeb's customers can purchase IT system hardware or support services separately, but the company also offers hardware and support services as a package. On June 14, 2020, Western Power Ltd, one of GoWeb's customers, purchased an equipment and support package. Ther-ntract with Western is for $3,780,000 and includes hardware and three years of support services. The hardware that was purchased would normally sell for $2,737,800, and support services would be valued at $1,312 200 if purchased separately. The hardware cost GoWeb $2,450,000 and was delivered on June 30, 2020. GoWeb's management expects that about half of the support services will be provided in July 2020 as the new hardware is installed. The balance of the support is expected to be provided evenly over the remainder of the contract. The contract also calls for Western to make a $900,000 payment to GoWeb within 30 days of signing the contract and then 9960,000 on January 1, 2021 2022 and 2023. Western is a successful company and GoWeb's management has no concerns about collectibility 0.371 Question 11 of 15 Your awer is partially correct Assuming that GoWeb provides the goods and services as expected under the contract and Western makes it payments as required, determine when and how much revenue GoWeb would be able to recognite in each year of the contract Round allocation percentage to 1 decimal place, 152 and final answers to decimal places 125 2021 2022 2023 Total 0 2555280 1224720 e Textbook and Media List of Accounts Attemptunimited SA th

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