Rover Company, a public company, manufactures equipment and also provides installation services. The installation process does not involve changes to the features of the equipment to perform specifications. Rover has the following relationship with Canine Inc.: Canine decides to purchase equipment from Rover and contracts with Rover to install the equipment for a total price of $420,000. If Canine only purchased the equipment from Rover, the price would be $400,000 Canine contacts another company and determines installation service would cost $40,000 if another company did the installation. Rovers cost of the equipment is $280,000. Canine is obligated to pay Rover the $410,000 upon delivery of the equipment. Rover delivers the equipment on June 1, Year 7, and completes the installation of the equipment on August 1, Year 7. The equipment has a useful life of 7 years. Required: i) Identify the separate performance obligations and explain why (1 mark). ii) Allocate the price to the performance obligations (3 marks). iii) Prepare the journal entries on May 1 and July 1, Ye