CompuBlast System provides bundled computer services offering to McGiver Lmtd. This bundled service includes an initial connection fee for one-year network access to CompuBlast plus two ongoing services. These services are (1) Network Access for 1 year and (2) 24-7 Helpdesk Access for 1 year. McGiver pays the $75,000 upfront, on July 1, 2023. CompuBlast determines that, if it were to charge a separate fee for each service sold separately, the market fee would be: Connection fee $ 15,000 Access fee $ 75,000 Troubleshooting $ 25,000

The end of CompuBlasts reporting period is June30. Prepare the journal entries to record this transaction in accordance with IFRS 15 for the year ended June 30, 2023, assuming McGiver applies the relative fair value approach. Show all Calculations.