ABC Corp. signs a contract that provides a flat fee of $100,000, plus a $20,000 bonus if the project is completed early. Based on historical experience, ABC estimates an 80% likelihood of completing the project early. In applying the most likely amount method under ASC 606, the total transaction price is: ABC Corp. signs a contract that provides a flat fee of $100,000, plus a $20,000 bonus if the project is completed early. Based on historical experience, ABC estimates an 80% likelihood of completing the project early. In applying the most likely amount method under ASC 606, the total transaction price is: $16,000 $100,000 $116,000 $120,000