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Stellar Corp enters into a contract with a customer to build an apartment buiding for $921,300. The customer hopes to rent apartments at the beginning

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Stellar Corp enters into a contract with a customer to build an apartment buiding for $921,300. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $156,000 to be paid if the building is ready for rental beginning August 1,2021. The bonus is reduced by $52.000 each week that completion is delayed. Stellar commonly includes these completion bonuses in its contracts and, based on prior experience. estimates the following completion outcomes: (a) Determine the transaction price for the contract, assuming Stellar is only able to estimate whether the building can be completed by August 1, 2021, or not (Stellar estimates that there is a 70% chance that the building will be completed by August 1, 2021). (If answer is O, please enter 0 . Do not leave any fields blank) Transaction Price $ (a) Determine the transaction price for the contract, assuming Stellar is only able to estimate whether the bullding can be completed by August 1, 2021, or not (Stellar estimates that there is a 70% chance that the bulding will be completed by August 1, 202.1) (If answer is 0 , please enter Q Do not leave any fields blank) Transaction Price (b) Determine the transaction price for the contract, assumines Stellar has limited information with which to develop a reliable estimate of completion by the August 1, 2021, deadline. Transaction Price $

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