Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2018 with a performance bonus of $50,000 only if the building is completed by July 31, 2018. Marle commonly includes these completion bonuses in its contracts and uses the most likely approach to determine the transaction price. Based on prior experience, Marle estimates the following completion outcomes: Completed by July 31, 2018 August 14, 2018 Probability 40% 60% The transaction price for this transaction is Select one: O a. $995,000 O b. $950,000 O c. $970,000 O d. $652,500