On January 1, Padma entered into a contract with Nolan to build a barn. Padma is guaranteed to receive $5,000 in addition to a bonus depending on when the project is completed. Nolan is offering to pay an additional $1,500 if the project finishes 2 weeks early and an additional $500 if the project finishes 1 week early. The probability of finishing 2 weeks early is 15%, the probability of finishing 1 week early is 55%, and the probability of finishing on-time is 30%. 

What is the expected transaction price if Padma estimates variable consideration as the expected value?

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