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Jackson Corp. enters into a contract with a customer to build an apartment building for $ 7 5 0 , 0 0 0 . The

Jackson Corp. enters into a contract with a customer to build an apartment building for $750,000. The customer hopes to rent
apartments at the beginning of the school year and offers a performance bonus of $168,000 to be paid if the building is ready for
rental beginning August 1,2023. The bonus is reduced by $56,000 each week that completion is delayed. Jackson commonly includes
these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
(a)
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