Smarty Phones is a company that provides cellular phone sales and services. The company offers different packages to suit different customers. For example, for one model of phone, the Milky Way 232, the company gives its customers the following options. i (Click the icon to view the options.) Required a. Determine the amount and timing of revenue that Smarty Phones should recognize if a customer chooses Option A. Repeat for Options B and C. (You may ignore the time value of money for this question.) b. To ensure the validity of your approach in part (a), what else should you consider? Requirement a. Determine the amount and timing of revenue that Smarty Phones should recognize if a customer chooses Option A. Repeat for Options B and C. (You may ignore the time value of money for this question.) (For monthly cellular services, round your answer to the nearest cent. For entries with a $0 balance, make sure to enter "0" in the appropriate column.) Revenue allocation Phone: immediate recognition Cellular services Total Option A Per month Enter any number in the edit fields and then click Check Answer. parts Option B Per month Option C More Info Option A: Milky Way 232 provided free with a three-year contract at $51 per month for cellular services. Option B: Milky Way 232 purchased at $360 with a one-year contract at $51 per month for cellular services. Option C: Milky Way 232 purchased for $630 with no contract. Print Done