John Heun, president of Concrete Always, agrees to construct a concrete cart path at Dakota Golf Club. Concrete Always enters into a contract with Dakota to construct the path for $164,000. In addition, as part of the contract, a performance bonus of $32,800 will be paid based on the timing of completion. The performance bonus will be paid fully if completed by the agreed-upon date. The performance bonus decreases by $8,200 per week for every week beyond the agreed-upon completion date. John has been involved in a number of contracts that had performance bonuses as part of the agreement in the past. As a result. he is fairly confident that he Will receive a good portion of the performance bonus. John estimates, given the constraints of his schedule related to other jobs, that there is 55% probability that he will complete the project on time, a 30% probability that he will be 1 week late, and a 15% probability that he will be 2 weeks late. (a) Determine the transaction price that Concrete Always should compute for this agreement. Transaction price Novak Company sells goods that cost $390,000 to Ricard Company for $533,000 on January 2, 2025. The sales price includes an installation fee, which has a stand-alone selling price of $52,000. The standalone selling price of the goods is $481,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete (installation was completed on June 18, 2025), . (a) How much revenue does Novak record on January 2. 202.5