Sellet Billboard Company entered into an agreement to display billboard advertising for Wynne Incorporated for 10 months for a $ 60,000 fixed fee. The agreement also includes a potential bonus based on certain goals. Sellet believes the following probability estimates on receiving a bonus are accurate:
Bonus Probability
$ 9,000………………. 20%
$ 6,000………………. 45%
$ 5,000 ………………. 27%
$ 3,000 ………………. 5%
What approach should Sellet use to estimate variable consideration? What is the estimate of the consideration amount in this contract?