View Policies Show Attempt History Current Attempt in Progress Shamrock's Agency sells an insurance policy offered by Capital Insurance Company for a commission of $116 on January 2, 2020. In addition, Shamrock will receive an additional commission of $12 each year for as long as the policyholder does not cancel the policy. After selling the policy, Shamrock does not have any remaining performance obligations. Based on Shamrock's significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years, which results in an expected policy life of 5.5 years. It has no evidence to suggest that previous policyholder behavior will change. (a) Your answer is correct. Determine the transaction price of the arrangement for Shamrock, assuming 85 policies are sold. (Round answer to O decimal places, e.g. 5,125.) Transaction price eTextbook and Media 14450 Attempts: 1 of 3 used