Brady Construction Company contracted to build an apartment complex for a price of $5,800,000. Construction began in 2018 and was completed in 2020. 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

2018 2019 2020 2018 2019 2020

1 1,580 2,370 1,140 3,510 1,140

2 1,580 1,140 2,720 3,510 2,720

3 1,580 2,370 2,240 3,510 2,140

4 580 3,080 1,160 4,060 915

5 580 3,080 1,860 4,060 2,140

6 580 3,080 2,600 5,400 2,420

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.)

Gross Profit (Loss) Recognized

Revenue Recognized

Over Time

Revenue Recognized

Upon Completion

Situation 2018 2019 2020 2018 2019 2020

1

2

3

4

5

6