Zelda Construction enters into a contract with a customer to build a warehouse for $850,000 on March 30, 20155 with a performance bonus of $50,000 if the building is completed by July 31, 2015. The bonus is reduced by $10,000 each week that completion is delayed.

Company commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

Completed by Probability

July 31, 2015 65%

August 7, 2015 25%

August 14, 2015 5%

August 21, 2015 5%

What is the transaction price for this deal? Show your computations!