26 (Mandatory) (3 points) A contractor wins a $10,000 bid to build a new garage. The bid includes an incentive of $1,000 to complete the garage within 20 days. He expects it to cost $7,500 in material and labor. From previous projects, the contractor believes it is reasonably probable that he can complete the project within 20 days. What should be the transaction price? $10,000 b) $7,500 c) $9,000 d) $11,000