Question5 Bridgeport's Agency sells an insurance policy offered by Capital Insurance Company for a commission of $ 115 on January 2,2017. In addition, Bridgeport will receive an additional commission of $ 10 each year for as long as the policyholder does not cancel the policy. After selling the policy, Bridgeport does not have any remaining performance obligations. Based on Bridgeport's significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years. It has no evidence to suggest that previous policyholder behavior will change. Your answer is correct. Determine the transaction price of the arrangement for Bridgeport, assuming 100 policies are sold. Transaction price 16,000 Your answer is incorrect. Determine the revenue that Bridgeport will rcognize in 2017.(Round answer to O decimal places, e.g. 5,125.) Revenue Question5 Bridgeport's Agency sells an insurance policy offered by Capital Insurance Company for a commission of $ 115 on January 2,2017. In addition, Bridgeport will receive an additional commission of $ 10 each year for as long as the policyholder does not cancel the policy. After selling the policy, Bridgeport does not have any remaining performance obligations. Based on Bridgeport's significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years. It has no evidence to suggest that previous policyholder behavior will change. Your answer is correct. Determine the transaction price of the arrangement for Bridgeport, assuming 100 policies are sold. Transaction price 16,000 Your answer is incorrect. Determine the revenue that Bridgeport will rcognize in 2017.(Round answer to O decimal places, e.g. 5,125.) Revenue