Vargo sells two products. The first (the tibed) is sold only for cash and represents a single performance obligation (sale of the product). Tibed sales for the year are 205,000 units. Tibed sells for a price of $23.90 per unit, and Vargo incurs shipping costs of $3.70 per unit sold. Vargo had sales discounts of $89,000 on tibed sales. The second is a software package (the tiderc) and is new for 2022. It has two performance obligations (sale of the software and a software update after 2 years). 59,400 units of tiderc were sold. Tiderc sells for $30 per unit (also cash sales). The standalone sales price of the software has been determined to be $25 and the standalone sales price of the update is $5. Vargo incurs a costs of $4.25 per software package. Report sales of the two products separately on the income statement (one line for tibed and one line for tiderc)

G: Vargo pays their salespeople a commission of $2.85 per unit of tibed sold. No commissions are paid on sales of tiderc. Vargo also had the following expenses/revenues during the year: Advertising expense $290,000 Administrative salaries 800,000 Sales salaries 490,000 Presidents salary 215,000 Insurance 52,000 Misc. office expenses 28,500 Revenue from leasing unused Building space 78,000