Estimating Variable Consideration. Gear Garage Inc. enters into a contract to provide services totaling $80,000. The contract includes a potential performance bonus based on when Gear Garage completes...

Estimating Variable Consideration. Gear Garage Inc. enters into a contract to provide services totaling $80,000. The contract includes a potential performance bonus based on when Gear Garage completes the services. Gear Garage estimates the following scenarios for completion. Determine the expected value of the bonus under each scenario. Ignore any constraints on variable consideration.