Media Mars ("MM") sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by MM staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. MM concludes that the TV, remote, and installation service are separate performance obligations. MM sells the 60-inch TV separately for $3,400, sells the remote separately for $200, and offers the installation service separately for $400. The entire package sells for $3,800. Required: How much revenue would be allocated to the TV? How much revenue would be allocated to the TV remote? How much revenue would be allocated to the TV installation service? Prepare the journal entry to record Media Mars' total sales revenue for one TV if the customer paid cash for installation and used the store's credit card to pay for all the other related charges. (4 points) (4 points) (4 points) III. How IV. (4 points)