Bright Software Developers, Inc. recently signed a contract for $1,700,000 to create a registration, grade report, and transcript system for Moran State University. Each part of the system will be delivered separately and must be fully functional upon installation. The standalone sales value of each performance obligation is reported below. Click the icon to view the information.) How should Bright allocate the $1,700,000 transaction price across the performance obligations? Calculate the allocation of the $1,700,000 transaction price by Bright Software Developers across the performance obligations. (Enter percentages as a whole percent. X.%.) Standalone Relative Contract Allocation of Description Selling Prices Percent Price Transaction Price Registration System Grade Reporting System % Transcript System % % Total % Standalone Selling Prices Description Registration System Grade Reporting System $ 624,000 1,144,000 Transcript System 312,000 $ 2,080,000 Total Calculate the allocation of the $1,700,000 transaction price by Bright Software Developers across the performance obligations. (Enter percentages as a whole percent. X.%.) Standalone Relative Contract Allocation of Description Selling Prices Percent Price Transaction Price Registration System % Grade Reporting System % Transcript System % Total %