12. Lux Hotels, Inc. has signed a service outsourcing contract with Deluxe Rooms, Inc. for $3 million, which was received in cash at contract inception. Under the agreement, Deluxe Rooms is obligated to clean and prepare over 5,000 hotels rooms managed by Lux Hotel on a daily basis from August 1, 2021 to July 31, 2022. Required: a. Prepare any journal entry that Deluxe would record at inception of the contract. (6 pts) b. Prepare any journal entry that Deluxe would record at the end of 2021 to recognize all revenue associated with this contract that should be recognized in 2021. (6 pts)