Use the following information to answer questions 5-7: Assume that Evesdrop Co competes with Verizon for customers that want to contract for telephone service for cell phones. Evesdrop decides to run a special promotion, where a customer can obtain for $80 a month, unlimited data, text messages and minutes for one year and receive a phone that normally sells for $300. The cell service typically sells for $60 month. How much of the transaction price is allocated to the phone? State answer in dollars and round to the nearest cent