XYZ company construct buildings. Company receive a contract to build an office building for $1,031,300. Customer will provide different floors on lease to small entrepreneurs for set up of business. If XYZ company complete the contract on timely basis, then customer will provide benefit of performance bonus which is $144,300 if building is ready for lease beginning November 1, 2018. This bonus will get reduced every week the work delayed by $48,100. The probability of completion of contract is given below: Completed by November 1, 2018 November 8, 2018 November 15, 2018 After November 15, 2018 Probability 70% 20% 4% 6% Among the given options, determine transaction price for the contract with the assumption that XYZ company complete the construction by November 1, 2018 with 70% probability. a. $1,175,600 b. $1,031,300 c. $144,300 d. $1,079,400