Metlocks Agency sells an insurance policy offered by Capital Insurance Company for a commission of $105 on January 2, 2017. Metlock will receive an additional commission of $10 each year for as long as the policyholder does not cancel the policy. After selling the policy, Metlock does not have any remaining performance obligations. Based on Metlocks significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years after the first year before terminating their insurance policy. It has no evidence to suggest that previous policyholder behavior will change. Incorrect answer. Your answer is incorrect. Try again. Determine the transaction price of the arrangement for Metlock, assuming 110 policies are sold. Transaction price $Entry field with incorrect answer now contains modified data LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Determine the revenue that Metlock will recognize in 2017. (Round answer to 0 decimal places, e.g. 5,125.) Revenue $Entry field with incorrect answer now contains modified data