Requlred Information PB6-4 (Algo) Recording Journal Entry after Allocating Transaction Price to Performance Obligations [LO 65] [The following Information applies to the questions displayed below.] Sky Communcations (SKY) usually sells a cell phone for $448 plus 12 months of cellular service for $672. SKY has a special, time-IImited offer in which it glves the phone for free and sells the 12 months of cellular service for $560. Each phone costs SKY $280, which It accounts for in Its perpetual Inventory system. On July 1 , SKY sells one of the speclal packages, dellvers the phone, collects the $560 cash, and starts the cellular service. PB6-4 (Algo) Part 1 Required: 1. For the special offer, how much of the $560 relates to the sale of the cell phone versus the sale of the cellular service