Metlock Corp. enters into a contract with a customer to build an apartment building for $$980,000.$ The customer hopes to rent

apartments at the beginning of the school year and provides a performance bonus of $$147,000$ to be paid if the building is ready

for rental beginning August $1,2026.$ The bonus is reduced by $$49,000$ each week that completion is delayed. Metlock commonly

includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes.

August $1,2026,70\%$

August $8,2026$

August $15,2026$

After August $15,2026,5$

Determine the transaction price for this contract.

Transaction price $