Indigo construction inc. agrees to construct a boat dock at the smooth sailing marina for $43,700. in addition, under the terms of the contract, smooth sailing will pay indigo a performance bonus of up to $12,000 based on the timing of completion. the performance bonus will be paid fully if construction is completed by the agreed-upon date. the performance bonus decreases by $2,400 per week for every week beyond the agreed-upon completion date. indigo has constructed a number of boat docks under similar agreements. indigo’s management estimates, that it has a 60% probability of completing the project on time, a 20% probability of completing the project one week late, and a 20% probability of completing the project two weeks late. management does not believe the project will be more than two weeks late. determine the transaction price that indigo should compute for this agreement. transaction price $

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)