QUESTION 30 Meyer & Smith is a full-service technology company. They provide equipment installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Container Corporation purchased computer equipment installation and training for a total cost of an unknown amount on March 15, 2021. Estimated standalone fair values of the equipment, installation, and training are $90,000 $60,000 and $30,000 respectively. If the transaction price allocated to equipment is $79.000 then Question: What is the total transaction cost for computer equipment, installation and training? QUESTION 39 On August 5, 2021. Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Ino, The cost of each dining set was $350 each. The cost of shipping the dining sets amounted to $3,600 and was paid for by Famous Furniture. On December 30, 2021, the consignee reported the sale of 30 dining sets at $840 each. The consignee remitted payment for the amount due after deducting a 8% commission, advertising expense of $600, and installation and setup costs of $870 Question: The amount of cash received by Famous furniture is: QUESTION 40 Cafer corp purchased a satellite receiver for 524,280 cash on 1/1/21 from Teller. As per the terms of agreement of the sale, Teller is required to repurchase the receiver for $25,000 on 1/1/22 Question: The incremental impact on net income assuming no adjustments have been made throughout 2021 related to the sale equals