Question $4(3$ points$)$

Marle Construction enters into a contract with a customer to build a warehouse for

$$950,000$ on March $30,2026$ with a performance bonus of $$50,000$ if the building is

completed by July $31,2026.$ The bonus is reduced by $$10,000$ each week that

completion is delayed. Marle commonly includes these completion bonuses in its

contracts and, based on prior experience, estimates the following completion

outcomes:

Completed by Probability

July $31,202665\%$

August $7,202625\%$

August $14,20265\%$

August $21,20265\%$

The transaction price for this transaction is