Wildhorse Company manufactures products ranging from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment and does not require proprietary information about the equipment in order for the installed equipment to perform to specifications. Wildhorse has the following arrangement with Indigo Inc. Indigo purchases equipment from Wildhorse for a price of $934,800 and contracts with Wildhorse to install the equipment. Wildhorse charges the same price for the equipment irrespective of whether it does the installation or not. Using market data, Wildhorse determines installation service is estimated to have a standalone selling price of $49,200. The cost of the equipment is $590,000. Indigo is obligated to pay Wildhorse the $934,800 upon the delivery of the equipment. Wildhorse delivers the equipment on June 1, 2025, and completes the installation of the equipment on September 30, 2025. The equipment has a useful life of 10 years. Assume that the equipment and the installation are two distinct performance obligations which should be accounted for separately. (a) How should the transaction price of $934,800 be allocated among the performance obligations? (Do not round intermediate calculations. Round final answers to O decimal places, eg. 5,275.) Equipment $ Installation $