Question 14 of 16 -/1 View Policies Current Attempt in Progress Cheyenne Corp. enters into a contract with a customer to build an apartment building for $1,061,800. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $139,200 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $46,400 each week that completion is delayed. Cheyenne commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: w Completed by Probability August 1, 2021 70% August 8, 2021 20 August 15, 2021 6 After August 15, 2021 Que K Determine the transaction price for this contract. Transaction Price $