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XYZ Corporation shipped software to a customer on October 1 , 2 0 2 0 . The arrangement with the customer also requires the company

XYZ Corporation shipped software to a customer on October 1,2020. The arrangement with the customer also requires the company to provide technical support over the next 12 months and to ship an expected software upgrade on January 1,2021. The total contract price is $279,200, and XYZ Corporation estimates that the individual stand-alone values of the components of the arrangement if sold separately would be:
Software $120,400
Technical support 36,400
Upgrade 123,200
a) What share of the total contract price will each component recognize? Please make sure your final answer(s) are accurate to the nearest whole number.
Component: Software
Share of contract price:
Component: Tech support
Share of the contract price:
Component: Upgrade:
Share of the contract price:
Total:

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