People gamble more when they are happy, so a local casino has hired our taco stand to distribute free tacos on Friday nights. For the first month, we will be paid $10,000 to provide this service, with a $2000 bonus if it is determined that gambling increased, and a $1000 penalty if gambling decreases. We think there is a 40% chance that gambling will increase, and a 30% chance it will decrease. As these estimates are based on prior experience, we have strong confidence in our estimates. We use expected value in variable consideration contracts. What is the transaction price we will use for accounting purposes for this contract?

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