Oriole Company manufactures products ranging from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $$200,000$ to $$1,500,000$ and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment ip order for the installed equipment to perform to specifications. Oriole has the following arrangement with Winds Inc.

Winds purchases equipment from Oriole for a price of $$951,900$ and contracts with Oriole to install the equipment. Oriole charges the same price for the equipment irrespective of whether it does the installation or not. Using market data, Oriole determines installation service is estimated to have a standalone selling price of $$50,100.$ The cost of the equipment is $$660,000.$

Winds is obligated to pay Oriole the $$951,900$ upon the delivery of the equipment.

Oriole delivers the equipment on June $1,2025.$ and completes the installation of the equipment on September $30,2025.$ The equipment has a useful life of $10$ years. Assume that the equipment and the installation are two distinct performance obligations which should be accounted for separately.

$($a$)$

How should the transaction price of $$951,900$ be allocated among the performance obligations? $($Do not round intermediate calculations. Round final answers to $0$ decimal places, eg$.5\mathrm{.}275.)$

Equipment $

Installation $