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Use the following information to answers questions 2 and 3. On July 15, 2023, Staley & Co. signed a contract to provide Brown Bakery with

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Use the following information to answers questions 2 and 3. On July 15, 2023, Staley \& Co. signed a contract to provide Brown Bakery with an ingredient-weighing system for a price of $200,000. The system included 1) scales that fit into Brown's automated assembly line, 2) Staley's proprietary software modified to allow the weighing system to function in Brown's automated system, and 3) a one-year contract to calibrate the equipment and software on an as-needed basis. If Staley was to provide these goods or services separately, it would charge $150,800 for the scales, $31,200 for the software, and $78,000 for the calibration contract. Staley delivered and installed the equipment and software on September 1,2023 , and the calibration service contract began on that date. Assume that the scales, software, and calibration service are all separate performance obligations. 2. How much of the transaction price is allocated to each performance obligation? ( 3 points) 260,000Scales=.58%=116,000Software.12%Calitration=.30%4,000 3. How much revenue will Staley recognize in 2023 for this contract? ( 2 points)

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