Exercise $6-9($Algo$)$ Variable consideration; estimation and constraint $[$LO$6-6]$

Thomas Consultants provided Bran Construction with assistance in implementing various cost$-$savings initiatives. Thomas$$s contract specifies that it will receive a flat fee of $$58,000$ and an additional $$28,000$ if Bran reaches a prespecified target amount of cost savings. Thomas estimates that there is a $35\%$ chance that Bran will achieve the cost$-$savings target.