Video Planet $($VP$)$ sells a big screen TV package consisting of a $60-$inch plasma TV$,$ a universal remote, and on$-$site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer$$s home entertainment system. VP concludes that the TV$,$ remote, and installation service are separate performance obligations. VP sells the $60-$inch TV separately for $$2,010$ and sells the remote separately for $$230,$ and offers the entire package for $$2,420.$ VP does not sell the installation service separately. VP is aware that other similar vendors charge $$280$ for the installation service. VP also estimates that it incurs approximately $$230$ of compensation and other costs for VP staff to provide the installation service. VP typically charges $30\%$ above cost on similar sales.

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Required:

$1.$ to $3.$Calculate the stand$-$alone selling price of the installation service using each of the following approaches.

$1.$Adjusted market assessment

$2.$ Expected cost plus margin

$3.$residual