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A company enters into a contract with a customer to build a building, with a performance bonus of $37,100 if the building is completed by
A company enters into a contract with a customer to build a building, with a performance bonus of $37,100 if the building is completed by September 30, 2021. The bonus is reduced by $5,000 each week that completion is delayed. The company commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by September 30, 2021 October 7, 2021 October 14, 2021 October 21, 2021 Probability 70% 15% 10% 5% The amount of revenue the company should recognize related to this bonus is $
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