ACD Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2021 with a performance bonus of $50,000 if the building is completed by July 31, 2021. The bonus is reduced by $10,000 each week that completion is delayed. ACD commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

Completed By	Probability
July 31, 2021	55%
August 7, 2021	25%
August 14, 2021	5%
August 21, 2021	5%

The transaction price for this transaction is

	A.	$995,000
	B.	$990,000
	C.	$652,500
	D.	$685,000