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Your answer is incorrect. White Corp. enters into a contract with a customer to...

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Accounting

Your answer is incorrect.
White 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 1,2026. The bonus is reduced by $51,800 each week that
completion is delayed. White 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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