[The following Information applies to the questions displayed below.) Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $2,900 per machine. HEC usually sells these machines to hospitals at a price of $5,600. HEC also separately sells 12 months of training and repair services for fMRI machines for $2,400. HEC is paid $5,600 cash on November 30 for the sale of an MRI machine delivered on December 1. HEC sold the machine at its regular price but included one year of free training and repair service. Required: 1. For the machine sold at its regular price, but with one year of "free" training and repair service, determine the dollar amount of revenue earned from the equipment sale versus the revenue earned from the training and repair service. Allocated Transaction Price Equipment Service 2. Prepare journal entries would HEC record on November 30 and December 12 (Assume HEC uses a perpetual inventory system for recording the cost of goods sold) (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sales revenue for the equipment (MRI machine). Note: Enter debits before credits. Date General Journal Dobit Credit December 01 Record entry Clear entry View general Journal 0 Required Information Journal entry worksneer