Kingbird Corp. enters into a contract with a customer to build an apartment building for $$963,500.$ The customer hopes

to rent apartments at the beginning of the school year and provides a performance bonus of $$164,100$ to be paid if the

building is ready for rental beginning August $1,2021.$ The bonus is reduced by $$54,700$ each week that completion is

delayed. Kingbird commonly includes these completion bonuses in its contracts and, based on prior experience,

estimates the following completion outcomes:

Determine the transaction price for this contract.

Transaction Price $