Brady Construction Company contracted to build an apartment complex for a price of $5,500,000. Construction began...

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Brady Construction Company contracted to build an apartment complex for a price of $5,500,000. 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 During Year (As of the End of the Year) Situation 2021 1 1,550 2022 2,280 2023 2 1,550 2021 2022 1,050 3,330 1,050 1,050 2,600 3,330 2,600 2023 3 1,550 2,280 2,000 3,330 1,900 4 550 550 6 3,050 1,100 3,050 1,650 550 3,050 2,300 3,850 900 3,850 1,900 5,100 2,150 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.) Situation 1 2021 Gross Profit (Loss) Recognized Revenue Recognized Over Time 2022 2023 Revenue Recognized Upon Completion 2021 2022 2023 2 3 4 5 6 Brady Construction Company contracted to build an apartment complex for a price of $5,500,000. 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 During Year (As of the End of the Year) Situation 2021 1 1,550 2022 2,280 2023 2 1,550 2021 2022 1,050 3,330 1,050 1,050 2,600 3,330 2,600 2023 3 1,550 2,280 2,000 3,330 1,900 4 550 550 6 3,050 1,100 3,050 1,650 550 3,050 2,300 3,850 900 3,850 1,900 5,100 2,150 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.) Situation 1 2021 Gross Profit (Loss) Recognized Revenue Recognized Over Time 2022 2023 Revenue Recognized Upon Completion 2021 2022 2023 2 3 4 5 6