Question: Please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. Sheridan Company sells prefabricated

Please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Sheridan Company sells prefabricated pools for $ 124065 with a cost of $73000 to customers. The sales price includes an installation fee, which is valued at $ 18000. The fair value of the pool is $119850. The installation is considered a separate performance obligation and is expected to take 3 months to complete. The transaction price allocated to the pool and the installation is $107865 and $16200 respectively. $124065 and $ 18000 respectively. $99525 and $24540 respectively. $119850 and $ 18000 respectively

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