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Current Attempt in Progress Wilson Corp. enters into a contract with a customer to...

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Accounting

Current Attempt in Progress
Wilson Corp. enters into a contract with a customer to build an apartment building for $1,069,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $153,300 to be paid if the building is ready for rental beginning August 1,2026. The bonus is reduced by $51,100 each week that completion is delayed. Wilson commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
\table[[Completed by,Probability],[August 1,2026,70%
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