How should the transaction price of $$1,090,000$ be allocated among the service obligations? $($Do not round intermediate calculations. Round final answers to $0$ decimal places.$)$

Equipment $

Installation $

$($b$)$

Prepare the journal entries for Skysong for this revenue arrangement in $2020$ assuming Skysong receives payment when installation is completed. $($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.$)$

Account Titles and Explanation

Debit

Credit

$($To record sales$)$

$$

$$

$$

$($To record cost of goods sold$)$