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Walker Corp. enters into a contract with a customer to build an apartment building for $ 9 2 1 , 3 0 0 . The
Walker Corp. enters into a contract with a customer to build an apartment building for $ The customer hopes to rent
apartments at the beginning of the school year and provides a performance bonus of $ to be paid if the building is ready for
rental beginning August The bonus is reduced by $ each week that completion is delayed. Walker commonly includes
these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
Determine the transaction price for this contract.
Transaction price $
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