determing the transaction price for a revenue contract

Determining the Transaction Price for a Revenue Contract. A contractor enters into a revenue contract wath a customer to bulid customised equipment for 5180,000 witha perlormance bonus of 599 ,ooo that will be pad based on how quickly the equipmect is completed. The amount of the performance bonus decreases by 15w of the original bonus per week for every week beyond the agreed upon completion date. The contractor has had experiences with simal contracts and thus has the data to predict the timing of completion of the contract. Therefore the contractor conchudes that the expected value method is the best predictor of revenue. The contractor estimates that there is a COW probability that the contract wil be completed by the agreed upon completion date, a 35 s probability that it will be cenpleted ane week latn, and a 5% probability that it wal be completed two weeks late. Complete the following table in order to determine the transaction price for revenue recognition for the contractor