Sarjit Systems sold software to a customer for $177,000. As part of the contract, Sarjit promises to provide free technical support over the next six months. Sarjit sells the same software without technical support for $154,000 and a stand-alone six-month technical support contract for $66,000, so these products would sell for $220,000 if sold separately. Sarjit delivered the software and received cash of $177,000 on May 15. Allocate the transaction price to software and technical support, and determine the financial statements effects of the transaction on May 15. Complete this question by entering your answers in the tabs below. Allocation Financial Statements Effects Allocate the transaction price to software and technical support. Revenue allocated to the software Revenue allocated to the technical support > Allocation Financial Statements Effects >