Chapter 6 Merchandising Operatiu Saved Help Save & Exit Submit Check my work A company separately sells home security equipment and 12 months of system monitoring service for $190 and $380, respectively. The company sells an equipment/monitoring bundle on January 1 for a total price of $540. The monitoring service begins immediately after the equipment is delivered and installed on January 1 points Required: eBook t Determine the dollars of revenue that should be allocated to the equipment for each bundled sale. 2. Determine the dollars of revenue that should be allocated to the service for each bundied sale. 3. Determine the dollars of Sales Revenue and Service Revenue from the January 1 bundled sale that should be reported in the income statement for the period January 1-31 Hint For all requirements, Do not round intermediate calculations.) Reference Revenue allocated to the equipment for each "bundled sale in dollars) Revenue allocated to the service for each bundled sale in dollars) Sales Revenue to be reported in income statement (in dollars) Service Revenue to be reported in income statement (in dollars) shop