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Freeman Communication Systems signed a contract to develop and install an integrated network for Jordan Auto Dealershipis Inc in five phases. Each phase is considered a performance buton. The transaction price, including installation, is $2.500.000 Each phase is fully functional at the point of delivery. The five phases of the total network products each have standalone values as follow Click the icon to view the standalone value) Click the icon to view the additional information) Read the requirements SUMOWY Nad locate the transaction pro to each separate performance obligation Enterpercentages to two deomal places XXX Round your answer to the rest whole of Description Standalone Relative Contract Revenue sales au Taw value price recognized Pha 5 457.500 20 2.500.000 00000 Pra? 780.000 2035 2.500.000 632000 Pra 550.000 VOA 3 2,500,000 16000 Prane 400.000 1405 2.500.000 370000 Pha 79200 20.542.500.000 51250000 3,050,000 300 53257500 unications Systems signed a contract to develop and install an integrated network for Jordan Auto Dealerships, Inc. in five phases. Each phase is considered a performan including installation, is $2,500,000. Each phase is fully functional at the point of delivery. The five phases of the total network products each have standalone values as on to view the standalone values.) (Click the icon to view the additional information.) - Standalone values X More info the Network Phase ar The contract price is collected in advance and Phases 1 and 2 are completed during the current yoar. Freeman expects Phase 3 and 4 to be completed in the next 12 months and Phase 5 in the following year Ignore implications of any financing component pud Standalone Sales Value $ 457.500 780,000 530,000 490,000 792,500 $ 3,050,000 Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 lize 100 32 185 Print Done Total 70 50000 37500 Print Done me sa Cleor all Che