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Wildhorse Corp. enters into a contract with a customer to build an apartment building for $1,037,600. The customer hopes to rent apartments at the beginning

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Wildhorse Corp. enters into a contract with a customer to build an apartment building for $1,037,600. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $155,400 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $51,800 each week that completion is delayed. Wildhorse commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by August 1, 2021 August 8, 2021 August 15, 2021 After August 15, 2021 Probability 70 % 20 4 6 Determine the transaction price for this contract. Transaction Price e Textbook and Media

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