Windsor's Agency sells an insurance policy offered by Capital Insurance Company for a commission of $88 on January 2, 2020. In addition, Windsor will receive an additional commission of $11 each year for as long as the policyholder does not cancel the policy. After selling the policy. Windsor does not have any remaining performance obligations. Based on Windsor'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) Determine the transaction price of the arrangement for Windsor, assuming 115 policies are sold (Round answer to decimal places, eg. 5,125.) Transaction price $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above