Davis Corp. enters into a contract with a customer to build an apartment building for $950,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $165,000 to be paid if the building is ready for rental beginning August 1, 2023. The bonus is reduced by $55,000 each week that completion is delayed. Davis commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by August 1, 2023 August 8, 2023 August 15, 2023 After August 15, 2023 Transaction price ta Probability $ 67 % 20 Determine the transaction price for this contract under IFRS. 8 5 IT ENG LIS

Davis Corp, enters into a contract with a customer to build an apartment building for $950,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $165,000 to be paid if the builiding is ready foe rental beginning August 1,2023. The bonus is reduced by $55,000 each week that completion is delayed, Davis commonily includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Determine the transaction price for this contract under IFRS. Transaction price