1 (continued) Part II ONE Computer Solution ("ONE") provides IT solutions to corporate clients. ONE offered a price of $2,400 to Client A if he purchases an accounting software from them and choose them to do the installation. Client A agreed and entered into a contract with ONE on 1 January 2022. ONE normally charges clients $2,000 as a standalone selling price for acquiring the accounting software, at a cost of $1,100. The installation service has a standalone selling price of $500. Client A paid ONE $2,000 upon delivery and the remaining balance upon installation of the software. The accounting software was delivered on 1 February 2022. ONE completed installation on 1 March 2022 and client A paid the balance due. Required: (a) Allocate the transaction price between the accounting software and installation service. (2 marks) (b) Prepare the journal entries on the following date (Note: If no entry is required, state "no entry" and write down the reason to support your answer): (i) 1 January 2022. (ii) 1 February 2022. (2 marks) (6 marks)