QUESTION 65 Allocating transaction price — standalone selling prices are directly observable Marine sells boats and provides mooring facilities for its customers. Marine sells the boats for $30,000 each and provides mooring facilities for $ 5,000 per year. Marine concludes that the goods and services are distinct and accounts for them as separate performance obligations. Marine enters into a contract to sell a boat and one year of mooring services to a customer for $ 32,500. How should Marine allocate the transaction price of $ 32,500 to the performance obligations?