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Taameer Construction enters into a contract with a customer to build a warehouse for 250,000 on March 30, 2020 with a performance bonus of

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Taameer Construction enters into a contract with a customer to build a warehouse for 250,000 on March 30, 2020 with a performance bonus of 20,000 if the building is completed by July 31, 2020. The bonus is reduced by 4,000 each week that completion is delayed. Taameer commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by July 31, 2020 Probability 60% August 14, 2020 40% The transaction price for this transaction is:)

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