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Martin Corp. enters into a contract with a customer to build an apartment building for $1,030,000. The customer hopes to rent apartments at the beginning

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Martin Corp. enters into a contract with a customer to build an apartment building for $1,030,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $174,000 to be paid if the bullding is ready for rental beginning August 1, 2023. The bonus is reduced by $58,000 each week that completion is delayed. Martin commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: (a) Transasugn price 5

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