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Splish Corp. enters into a contract with a customer to build an apartment building for $ 1 , 2 6 0 , 0 0 0

Splish Corp. enters into a contract with a customer to build an apartment building for $1,260,000. The customer hopes to rent
apartments at the beginning of the school year and provides a performance bonus of $189,000 to be paid if the building is ready for
rental beginning August 1,2026. The bonus is reduced by $63,000 each week that completion is delayed. Splish commonly includes
these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes.
August 15,2026
After August 15,2026

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