Stark Company sells goods that cost $300,000 to Ironman Company for $400,000 on January 2, 2021. The sales price includes an installation fee, which is valued at $40,000. The fair value of the goods is $370,000. The goods were delivered on March 1, 2021. Installation was completed on June 18, 2021. Under the terms of the contract, Ironman Company pays Stark $270,000 upon delivery of the goods and the balance at the completion of the installation.

Allocate the transaction price among the performance obligations of the contract. Round percentage allocations to two decimal places and final amounts to the nearest dollar. Show supporting calculations. Assume IFRS is followed.