Brady Construction Company contracted to build an apartment complex for a price of $6,800,000. Construction began in 2021 and was completed in 2023. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars. Estimated Costs to Complete Costs Incurred (As of the End of During Year the Year) Situation 2021 2022 2023 2021 2022 2023 1,680 2,670 1,440 4,110 1,440 2 1,680 1,440 3,120 4,110 3,120 1,680 2,670 3,040 4,110 2,940 4 680 3,180 1,360 4,760 965 5 680 3,180 2,560 4,760 2,940 6 680 3,180 3,600 6,355 3,320 1 Required: Complete the following table. (Do not round intermediate calculations. Enter answers in dollars. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.) Answer is complete but not entirely correct. Situation 1 2 3 4 5 Gross Profit (Loss) Recognized Revenue Recognized Over Time Revenue Recognized Upon Completion 2021 2022 2023 2021 2022 2023 $ 293,057 $ 465,751 $ 251,192 0 0 $ 1,010,000 293,057 (13,057) 280,000 0 0 560,000 293,057 (585,444) X (297,613) X 0 0 x (590,000) X 170,000 1,410,000 0 0 0 1,580,000 170,000 (170,000) 380,000 0 0 380,000 (22,715) X (181,575) X (455,710) X 0 x 0 (660,000) 6