On February 28,2023 , Nelson Construction entered into a contract with a customer to build a warehouse for $1.2 million. Nelson will receive a performance bonus of $80,000 if the building is completed by July 31,2023 . The bonus is reduced by $10,000 each week that completion is delayed beyond July 31 . Nelson commonly includes this type of completion bonus in its contracts, Based on prior experience, the firm estimates the following completion outcomes: What is the transaction price for this contract? \$ $1.274 million \$1268million $1280 mitilion 51259 miltion