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Pronghorn Corp. enters into a contract with a customer to build an apartment building for $1.015,200. The customer hopes to rent apartments at the beginning

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Pronghorn Corp. enters into a contract with a customer to build an apartment building for $1.015,200. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $159,900 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $53,300 each week that completion is delayed. Pronghorn commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2021 70 August 8, 2021 20 August 15, 2021 After August 15, 2021 6 4 Determine the transaction price for this contract Transaction Price

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