enge Questions Help Save & Exit Submit Omni-Resistor, Inc. specializes in waterproofing homes, office buildings and other structures. Recently it completed a waterproofing renovation for a building at a local university. The contract specifies that Omni-Resistor will receive a flat lump sum of $100,000 for the renovation, and an additional $2,500 if there is no roof leaking through the roof within the first year after the renovation. The seller estimates that there is an 85% chance that no leakage will occur within the first year. Required: (a) Assuming Omni-Resistor uses the mest likely value to estimate the variable consideration, calculate the transaction price. (b) Assuming Omni-Resistor determines transaction price as the expected value of the variable consideration, calculate the transaction price. (C) Assume Omni-Resistor uses the expected value" approach, but is very uncertain of that estimate due to a lack of experience with similar renovations. Calculate the transaction price. Complete this question by entering your answers in the tabs below. Reg A and C Reg B (a) Assuming Omni-Resistor uses the most likely value to estimate the variable consideration, calculate the transaction price (c) Assume Omni-Resistor uses the expected value approach, but is very uncertain of that estimate due to a lack of experience with similar renovations. Calculate the transaction price. a. Transaction price c. Transaction price Reg Prev 4 of 5 Next > Complete this question by entering your answers in the tabs below. Reg A and C ReqB Assuming Omni-Resistor determines transaction price as the "expected value of the variable consideration, calculate the transaction price. Possible Amounts Probabilities Expected Amounts Expected contract price at inception MacBook Air