The following information pertains to the customer contract: Contract price 238,149 Fair value of elevator installation service 4,763 23,815 142,889 Downpayment made by customer at time of contract signing Cost of the elevator to Humphreys Required: 1. Determine the appropriate allocation of the selling price to the different performance obligations. Round any calculations to 2 decimal places. 2. Prepare any required journal entries on April 2, April 15, and May 31. Assume that the customer pays for the elevator on May 31.

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