Exercise 5-3 Allocating transaction price Los-4] Is a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP programming the remote to have the TV interface with other parts of the customer's home entertainment staff. The installation includes system. VP concludes that the TV, remote, service are separately for $2,080, sells the remote sparately for $130, and offers the installation sells for $2,500. te, and installation service are separate performance obligations. VP sells the 60-nch TV service separately for $390. The entire package Required: How much revenue would be allocated to the TV, the remote, and the installation service? Item Description Allocated Revenue TV Remote Instalation Total revenue