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Sandhill Construction enters into a contract with a customer to build a warehouse for $910000 on March 30, 2021 with a performance bonus of $40000

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Sandhill Construction enters into a contract with a customer to build a warehouse for $910000 on March 30, 2021 with a performance bonus of $40000 if the building is completed by July 31, 2021. The bonus is reduced by $3000 each week that completion is delayed Sandhill commonly includes these completion bonuses in its contracts and based on prior experience estimates the following completion outcomes. Completed by Probability July 31, 2021 70% August 7, 2021 2056 August 14, 2021 5% August 21, 2021 5% The transaction price for this transaction is O $673400 5946400 5665400 5910000

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