On September 1, 2019, you entered into a 36-month Unlimited & More phone plan with T-Mobile, which is a goods and services tax-registered company with a December 31 financial year-end. The terms of the plan are as follows: (1) Monthly fixed fee: $41.60 (to be billed monthly); (2) Free iPad at the inception of the plan; (3) T-Mobile sells the same iPad for $156 and the same monthly plans without iPad for $38.48 per month.; (4) All amounts stated are inclusive of 4% tax. Suppose steps one and two of the five-step model are met in recognizing revenue per the core principle stated in ASC 606 Revenue from Contracts with Customers. What is the transaction price for the September 1, 2019 contract? Round all amounts, including a percentage to the nearest tenths.

• A. $960.0
• B. $2,880.0
• C. $1,848.0
• D. $1,440.0
• E. $456.0
• F. $6,732.0
• G. $2908.8
• H. None of the choices is correct.
• I. $1,332.0
• J. $5,400.0
• K. $1,497.6
• L. $499.2
• M. $6,840.0
• N. $1385.3