Exam 2 ystems signed a contract to develop and install an integrated network for Jordan Auto 14. Freeman Dealerships, Inc. In five phases. Each phase is considered a performance obligation. The transaction price, including installation, ls $1,900,000. Each phase is fully functional at the point of delivery. The five phases of the total network products each have standalone values as follows Network Phase Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Standalone Sales Value $ 906,000 800,000 510,000 470,000 334,000 $ 3,020,000 Total Requirement Prepare the journal entry to record any revenue to be recognized during the current period. Show all supporting computations