Harrid Corp. enters into a contract with a customer to build an apartment building for $$1,039,000.$ The customer hopes to rent

apartments at the beginning of the school year and provides a performance bonus of $$148,200$ to be paid if the building is ready for

rental beginning August $1,2026.$ The bonus is reduced by $$49,400$ each week that completion is delayed. Harrid commonly includes

these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

$($a$)$ Determine the transaction price for the contract, assuming Harrid is only able to estimate whether the building can be completed

by August $1,2026,$ or not $($Harrid estimates that there is a $70\%$ chance that the building will be completed by August $1,2026).$

Transaction price $