-75 III Marigold Corp.enters into a contract with a customer to build an apartment building for $1,010,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $161,000 to be paid if the building is ready for rental beginning August 1, 2020. The bonus is reduced by $53,667 each week that completion is delayed. Marigold commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by August 1, 2020 August 8, 2020 August 15, 2020 After August 15, 2020 Probability 70 % 20 5 5 Determine the transaction price for this contract, assuming Marigold is only able to estimate whether the building can be completed by August 1, 2020. or not.(Marigold estimates that there is a 70% chance that the building will be completed by August 1, 2020.) Transaction price $ Determine the transaction price for this contract, assuming Marigold has limited information with which to develop a reliable estimate of completion by the August 1, 2020 deadline