Bramble Inc. sells an irrigation system that cost $$238,000$ to McGraw Company for $$303,000$ on March $2,2017.$ The sales price includes an installation fee. The standalone

price of the installation fee is $$71,000.$ The standalone price of the irrigation system is $$260,000.$ The installation is considered a separate performance obligation and is

expected to take $3$ months to complete.

$($a$)$

Your answer is incorrect.

Allocate Bramble's total selling price for the irrigation system and installation to the two performance obligations $($delivery of the irrigation system and installation$).$

$($Round intermediate calculations to $6$ decimal places, e$.$g$.1\mathrm{.}246871$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

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$($b$)$

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