Buffalo Corp. enters into a contract with a customer to build an apartment building for $ 1,079,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $ 153,000 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $ 51,000 each week that completion is delayed. Buffalo commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2021 70 % August 8, 2021 20 August 15, 2021 5 After August 15, 2021 5 Determine the transaction price for this contract. Transaction Price $