Neakanie Industries sells specialized mountain bikes. Each specialized bike purchased includes free maintenance service for 12 months. The price of the specialized bike is $700. When sold separately, a maintenance contract is $200 and a comparable but non-specialized bike is $600. Which of the following is correct? Multiple Choice Neakanle fulfills its performance obligation at the time of delivery of the bike. Neakanie will recognize $700 of revenue at the end of 12 months. Neakanle must allocate the purchase price based on the stand-alone selling prices of the bike and the service. Neakanle will recognize $350 of revenue at the date of sale and the remaining $350 at the end of 12 months