(Chapter 18) Orange Constructs enters into a contract with a customer to build a warehouse for $815,000 on March 31, 2020, with a performance bonus of $40,000 if the building is completed by July 31, 2020. The bonus is reduced by $10,000 each week that completion is delayed. Orange commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes: Completed By._ Probability July 31, 2020 (on time) 60% August 7,2020 (1 week late) 30% August 14, 2020 (2 weeks late) August 21, 2020 (3 weeks late) Using the most likely value approach, the transaction price for this transaction is 596 $513,000 $849,500 $815,000 $855,000