Teal Corp. enters into a contract with a customer to build an apartment building for $979,400. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $144,300 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $48,100 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: Completed by Probability

August 1, 2018 70 %

August 8, 2018 20%

August 15, 2018 5 %

After August 15, 2018 5%