Please show work and journal entries. Correct answer is given.

3. Rusty Griswold buys a new car, a Ford Hipster from Crazy Eddies Fine Cars. Today only Crazy Eddie is offering a minimum of $5,000 trade in allowance on any car that "rolls onto" the lot. Rusty and his friends are able to push Rusty's old car, a 2015 Tartan Prancer onto the lot. The 2015 Tartan Prancer has a Fair Value of $2,000. The Ford Hipster has a sticker price of $60,000. Crazy Eddie sold Rusty the Car for $57,000 less the advertised $5,000 trade-in allowance for the Prancer. As a result, Rusty wrote a check for $52,000 to Crazy Eddie's $57,000 less the $5,000 trade in allowance) and traded in the Prancer. How much sales revenue should Crazy Eddie record for this transaction? $57,000 None of the other answers $60,000 $52,000 $54,000