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Problem 2 (20 points) Peter and Paul specialize in selling and installing upscale home theater systems. On March 1, 2021. Peter and Paul sold a
Problem 2 (20 points) Peter and Paul specialize in selling and installing upscale home theater systems. On March 1, 2021. Peter and Paul sold a premium home theater package that includes a projector, set of surround speakers, and high-quality leather seats, along with complete installation service, for $32,500. If sold separately, each of these goods or services would have cost $15,000 (projector), $12,500 (speakers), 517,500 (seats), and $3,000 installation), respectively, Required: How much of the transaction price would be allocated to the projector, the speakers, the leather seats, and the installation service, assuming that each of these four parts of the contract is a separate performance obligation? Show your work - e..., details leading to calculations for percentage allocations and allocated prices
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