Crane Company manufactures equipment. Crane's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $255,000 to $1,550,000, and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment to perform to specifications. Crane has the following arrangement with Shamrock Inc. - Shamrock purchases equipment from Crane on May 2, 2023, for a price of $1,065,000 and contracts with Crane to install the equipment. Crane charges the same price for the equipment irrespective of whether it does the installation or not. The cost of the equipment is $700,000. - Shamrock is obligated to pay Crane the $1,009,000 on delivery of the equipment and the balance on the completion of the installation Crane delivers the equipment on June 1,2023, and completes the installation of the equipment on September 30, 2023. Assume that the equipment and the installation are two distinct performance obligations that should be accounted for separately. Crane does not have market data from which to determine the stand-alone selling price of the installation services. As a result, an expected cost plus margin approach is used. The cost of installation is $35,500; Crane prices these services with a 25% margin relative to cost. (a) Allocate the transaction price of $1,065,000 among the performance obligations of the contract. Assume Crane follows IFRS. (Round percentage allocations to 2 decimal places, e.g. 12.25% and final answers to 0 decimal places, e.g. 5,275.) Delivery equipment \$ Installation $