Teal A.G. enters into a contract with a customer to build an apartment building for 1,000,800. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of 135,600 to be paid if the building is ready for rental beginning August 1, 2023. The bonus is reduced by 45,200 each week that completion is delayed. Teal commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Probability Completed by August 1, 2023 70 % 20 August 8, 2023 August 15, 2023 5 After August 15, 2023 5 (a) Determine the transaction price for the contract, assuming Teal is only able to estimate whether or not the building can be completed by August 1, 2023, or not (Teal estimates that there is a 70% chance that the building will be completed by August 1, 2023). (If answer is 0, please enter 0. Do not leave any fields blank.) Transaction Price (b) Determine the transaction price for the contract, assuming Teal has limited information with which to develop a reliable estimate of completion by the August 1, 2023, deadline. Transaction Price e Textbook and Media Save for Later Attempts: 1 of 3 used Submit