On June 1, Forde Auto Manufacturer sells a 4-door sedan to a dealer for $27,000, which includes three years of maintenance. The standalone selling price of the vehicle is $27,000 and the standalone selling price of the maintenance contract is $2,032. In addition, Forde offered a $450 cash incentive (per vehicle purchased) to the dealer if the vehicle was purchased in the first week of June. a. How should the transaction price be allocated among the performance obligation(s) for sales made in the first week of June for one vehicle? Note: Carry all decimals in calculations; round the final answer to the nearest dollar. Performance Obligations Vehicle Transaction Price as Stated Standalone Selling Total Allocated Transaction Price Price (rounded) 26,550 $ 27,000 $ 0 x Maintenance agreement 0 26,550 $ 2,032 29.0325 0 x 0x b. Prepare Forde's journal entry to record the sale of vehicles for cash, assuming that dealers purchased 20 vehicles during the first week of June. (Ignore the cost of sales entries.) Note: If a journal entry (or a line of the journal entry) isn't required for the transaction, select "N/A" as the account name(s) and leave the Dr. and Cr. answers blank (zero). Account Name Debit Credit Cash 0 0x Sales Revenue-Vehicles 0 0x Deferred Revenue-Maintenance Agreement 0x To record the sale of merchandise.