Brief Exercise 18-7 Sha 30 800 to be paid if the huilding is rey for rantal bogigning AugUst 1 2018 The bepus is reduced hy $46 600 each week that complation is delaved. Shamrock.om nby incudes ther ance completion bonuses its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2018 August 8, 2018 August 15, 2018 After August 15, 2018 70 % 20 5 (a) Determi the transaction price for the ocontract, assuming Shamrock is only able to estimate whether the building can be com chance that the building will be completed by August 1, 2018), (If answer is 0, please enter 0, Do not leave any fields blank.) by August 1, 2018, or not (Shamrock estimates that there is a 70% Transaction Price (b) Determine the transaction price for the contract, assuming Shamrock has limited information with which to develop a reliable estimate of completion by the August 1, 2018, deadline. (If answer is 0, please enter 0. Do not leave any fields blank.) Transaction Price