Sandhill Company follows IFRS and sells consumer-relationship software to Teal Mountain Inc. to be used for three years. In addition to providing the software, Sandhill promises to provide consulting services over the life of the contract to maintain operability within Hedges' computer system. The total transaction price is $218,700. Based on stand-alone values, Sandhill estimates the consulting services have a value of $85,500 and the software has a value of $133,200. Upon installation of the software on July 1, 2020, Teal Mountain pays $101,700; the contract balance is due on December 31, 2020. Your answer is partially correct. Identify the performance obligations and the revenue in 2020, assuming the performance obligations are interdependent. Performance Obligation software sale and the consulting services Revenue in 2020 $ $ 218700 eTextbook and Media X Your answer is incorrect. Identify the revenue in 2020, assuming the performance obligations are not interdependent. Revenue in 2020 $ 161700