Question 2 [8 points] Callaho Inc. shipped software to a customer on August 1, 2015. The arrangement with the customer also requires the company to provide technical support over the next 12 months and to ship an expected software upgrade on January 1, 2016. The total contract price is $239,200, and Callaho Inc. estimates that the individual fair values of the components of the arrangement if sold separately would be: Software $141,600 Technical support 72,000 Upgrade 26,400 a) What share of the total contract price will each component recognize? Please make sure your final answer(s) are accurate to the nearest whole number. Component Share of Contract Price Software Tech Support Upgrade Total b) Assume that the $239,200 contract price was paid in advance on August 1, 2015. Prepare a journal entry to record the cash receipt. Don't worry about the cost of the items sold. Enter an appropriate description, and enter the date in the format dd/mmm (i.e., 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places. General Journal Page G8 Date Account/Explanation PR Debit Credit