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Grouper Corp.enters into a contract with a customer to build an apartment building for $926,900. The customer hopes to rent apartments at the beginning of

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Grouper Corp.enters into a contract with a customer to build an apartment building for $926,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $155,100 to be paid if the building is ready for rental beginning August 1, 2021. The borvus is reduced by $51.700 each week that completion is delayed. Grouper 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 Alter August 15,2021 S Determine the transaction price for this contract Transaction Price 5

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