Martin Software Devolopers, inc. recently signed a contract for $1,600,000 to coato a registraton, grade report, and transcript system for MacFarlane State Unversity Each part of the sysiem delivered separately and mist be fuly functional upon instaltation. The standwone sales value of each performance obligation is reported below (Cick the icon to view the information) How should Martin alocate the 51,600,000 transacteon price across the performance obligalions? Standalone Description Registration System Grade Reporting System Transcript System Total Selling Prices $500,000 800,000 700,000 \$ 2,000,000 Martin Software Developers, Inc recently signed a contract for $1,600,000 to create a registration, grade report, and transcript system for MacFarlane 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 Martin allocate the $1,600,000 transaction price across the performance obligations