Udre Calculat Business Analytics... Jansen Company sells cell phones, cell phone cases and offers cell phone service. Sometimes they Lindner Career Serv... sell each of these separately and sometimes they bundle two or three items together. Current accounting year end 12/31/X3 Purchase date 5/28/X3 The customer is provided with the cell phone and the case on the date of purchase. Cell phone service starts on 6/1/X3 Customers that purchase a bundled package are required to pay at date of purchase Price of cell phone if sold separately $600 Price of cell phone case if sold separately $105 Price of cell phone service if sold separately $3,700 Cost to purchase cell phone from manufacturing $422 supplier Cost to cell phone case from manufacturing supplier $23 Bundled price for all three (cell phone, cell phone case and cell phone service) $4,000 December 20X9 Seller's year end for financial reporting purposes is The cell phone service is for Make all computations for ONE customer who purchases ONE bundled package. 18 months. F Reimagining Your L Q#4: By the end of the current year end how much GROSS PROFIT should be recognized? Q#5: How much will be in the Deferred Revenue account in TOTAL at the current balance sheet date? Q#6: Assume the company prepare interim (periodic) financial statements during the year. What will the balance be in the Deferred / Unearned Revenue account in TOTAL when they prepare the financial statements at June 30 in the SUBSEQUENT (next) year