3 Grouper Corp.enters into a contract with a customer to build an apartment building for $810,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $ 155,000 to be paid if the building is ready for rental beginning August 1, 2020. The bonus is reduced by S51,667 each week that completion is delayed. Grouper commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes Probability 70% Completed by August 1, 2020 August 8, 2020 August 15,2020 After August 15, 2020 20 5 5 Your answer is incorrect. Determine the transaction price for this contract, assuming Grouper is only able to estimate whether the building can be completed by August 1, 2020, or not. (Grouper estimates that there is a 70% chance that the building will be completed by August 1, 2020.) Transaction price eTextbook and Media Your answer is incorrect. Determine the transaction price for this contract, assuming Grouper has limited information with which to develop a reliable estimate of completion by the August 1, 2020 deadline. Transaction price s