Allocating Transaction Price to Performance Obligations and Recording Sales Value Dealership Inc. markets and sells vehicles to retail customers. Along with a new vehicle purchase, a customer will receive a free annual maintenance contract for one year from the date of purchase. The standalone selling price of a vehicle is $45,000 and the standalone selling price for the annual maintenance contract is $918. During October, Value Dealership Inc. sold 45 vehicles for $45,375 per vehicle, each with a free annual maintenance contract. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. Note: If a line of the journal entry isn't required for the transaction, select "N/A" as the account name and leave the Dr. and Cr. answer blank (zero). a. Determine how the transaction price should be allocated among the performance obligation(s) and record the journal entry in October for Value Dealership's sale of 45 vehicles with the associated maintenance contracts to customers. Ignore the cost entry. Performance Obligations Transaction Price as stated Standalone Selling Price Allocated Transaction Price (rounded) One Vehicle $ Annual maintenance contract $ 0 $ 0 0 $ 0 $ 0 0 $ Account Name Dr. Cr. 0 0 0 ooo 0 0 0 To record the sale of vehicles with associated maintenance contracts. 0 0 0