Use the expected value approach for this question.

Blossom Corp. enters into a contract with a customer to build an apartment building for $1,079,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $153,000 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $51,000 each week that completion is delayed. Blossom commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Probability 70% 20 Completed by August 1,2018 August 8, 2018 August 15,2018 After August 15, 2018 Determine the transaction price for this contract. Transaction Price Use the Expected Value approach for this