On 1st July 2023, LizardCom Co provides a bundled-service package to E. Aardvark for $1200 upfront. The service package includes: Upfront advice Database access for a 1-year period If each service was sold separately to E. Aardvark the fees would be: Up-front advice Database access $600 $900 Using the relative fair value approach, the amount of revenue recognised by LizardCom in relation to the database access over the financial year ended 30th June 2024 is (rounded to the nearest whole dollar): 720 800 600 900