3. On June 1, 2020, Maxwell Car Co. sells a 4-door sedan to a dealer for $96,000, which includes three years of maintenance. The standalone selling price of the vehicle is $96,000 and the standalone selling price of the maintenance contract is $6,400. In addition, Maxwell offered a $1,600 cash incentive (per vehicle purchased) to the dealer if the vehicle was purchased in the first week of June 2020. Required a. How should the transaction price be allocated among the performance obligation(s) for sales made in the first week of June? Round each price to the nearest dollar. b. Prepare Maxwell's journal entry to record the sale of vehicles for cash, assuming that dealers purchased 20 vehicles during the first week of June 2020. (Ignore the cost of sales entries.) Round each of your answers to the nearest dollar