Sceneform Android Studio 4 issue

[Mobster123]

I am currently using android studio 3.5.3 and these are my settings-

Studio Build: 3.5.3
Version of Gradle Plugin: 3.5.3
Version of Gradle: 5.4.1
Version of Java: 1.8.0_251
OS: Windows 10

The issue is not in android studio 3.5.3 the issue is in android studio 4. I had to downgrade android studio in order to complete my project as it does not work on android studio 4.

Please do this on Android Studio 4-(It does not work)

Steps to Reproduce:

1. Install sceneform plugin version 1.15.0
2. Complete sceneform setup by following - https://developers.google.com/sceneform/develop/getting-started
3. Download .obj files of a 3D model from google poly.
4. Create a sample data folder and paste the files there.
5. Right click on the .obj file and select import sceneform asset (this is where the issue is, when this is done a .sfa and .sfb should be created however on Android studio 4 nothing happens.)(Works on android studio 3.5.3 but not on 4)

Alternative-

1)Follow the same first 4 steps as above.
2) Instead of right clicking and doing the import, you will have to do it manually. Follow this - https://developers.google.com/sceneform/develop/import-assets and then sync gradle and rebuild project. (by doing this the .sfa and .sfb should be generated, however on Android Studio 4 once the files are created in the .sfb file it says "file has been loaded in wrong encoding UTF-8" )(It works in Android Studio 3.5.3)

Please help.