Flint Corp. enters into a contract with a customer to build an apartment building for $991,300. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $147,900 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $49,300 each week that completion is delayed. Flint commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

Completed by August 1, 2018 August 8, 2018 August 15, 2018 After August 15, 2018 Probability 70 % 20 4 Determine the transaction price for this contract. Transaction Price 2058814.4