Question: Please show work. Correct answer is given. 3. Rusty Griswold buys a new car, a Ford Hipster from Crazy Eddies Fine Cars. Today only Crazy

 Please show work. Correct answer is given. 3. Rusty Griswold buys

Please show work. 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

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