Indigo Corp. enters into a contract with a customer to build an apartment building for $890,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $156,000 to be paid if the building is ready for rental beginning August 1, 2020. The bonus is reduced by $52,000 each week that completion is delayed. Indigo commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

Completed by		Probability
August 1, 2020		60	%
August 8, 2020		20	%
August 15, 2020		15	%
After August 15, 2020		5	%

Determine the transaction price for this contract under IFRS.