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Brown Corp. enters into a contract with a customer to build an apartment building for $963,500. The customer hopes to rent apartments at the beginning

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Brown Corp. enters into a contract with a customer to build an apartment building for $963,500. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $164,100 to be paid if the building is ready for rental beginning August 1,2026 . The bonus is reduced by $54,700 each week that completion is delayed. Brown commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Determine the transaction price for this contract. Transaction price

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