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Rama Construction enters into a contract with a customer to build a large pool for $125,000 on May 31, 2018 with a performance bonus of

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Rama Construction enters into a contract with a customer to build a large pool for $125,000 on May 31, 2018 with a performance bonus of $25,000 if the pool is completed by July 31, 2018. The bonus is reduced by $5,000 each week that completion is delayed. Rama commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability July 31 54% August 7 31% August 14 10% August 21 5% What was the transaction price for this transaction? [4 points) AJ

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