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3/30/2020 Shaky Construction Corp. enters into a contract with a customer to build a warehouse for $500,000 with a performance bonus of $30,000 if the

3/30/2020 Shaky Construction Corp. enters into a contract with a customer to build a warehouse
for $500,000 with a performance bonus of $30,000 if the warehouse is completed by
July 31, 2020. The bonus is reduced by $10,000 each week that completion is delayed.
Shaky commonly includes these completion bonuses in its contracts, and, based on
prior experience estimates the following completion outcomes:
Completed by Probability
31-Jul 60%
7-Aug 30%
14-Aug 10%
21-Aug 5%
THE TRANSACTION PRICE FOR THIS CONTRACT IS _______________________

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