King Corp. enters into a contract with a customer to build an apartment building for $930,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $151,500 to be paid if the building is ready for rental beginning August 1, 2026. The bonus is reduced by $50,500 each week that completion is delayed. King commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the fol lowing completion outcomes: Completed by Probability August 1,2026 70 % August 8, 2026 20 August 15, 2026 5 After August 15,2026 5 Determine the transaction price for this contract. Transaction price $ Current Attempt in Progress Marigold Company has a contract to sell 280 units to a customer for $19880. After 220 units have been delivered, Marigold modifies the contract by promising to deliver 38 more units for an additional $60 per unit (the standalone selling price at the time of the contract modification). What is the remaining revenue to be earned after the modification? O $6958 O $2280 O $5514 O $6540H On November 1, 2024, Blossom Farm entered into a contract to buy a $160000 harvester from John Deere. The contract required Blossom Farm to pay $160000 in advance on November 1, 2024. The harvester (cost of $120000) was delivered to Blossom Farm on November 30, 2024. The journal entry for John Deere to record the delivery of the equipment includes a O debit to Unearned Sales Revenue for $160000. 0 credit to Cost of Goods Sold for $120000. 0 debit to Inventory for $120000. 0 credit to Unearned Sales Revenue for $160000. Unconditional rights to receive consideration because a performance obligation has been satised are 0 reported as a contract liability on the balance sheet. 0 are not reported on the balance sheet. 0 reported as a receivable on the balance sheet. 0 reported as a contract asset on the balance sheet. Current Attempt in Progress A contract should be treated as having multiple performance obligations if 0 each service provided in the contract is interdependent. 0 each service provided in the contract is interrelated. O the contract creates enforceable rights or obligations. 0 each performance obligation is not highly dependent on other promises in the contract