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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

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 During Year (As of the End of the Year)
Situation 2021 2022 2023 2021 2022 2023
1 1,680 2,670 1,440 4,110 1,440
2 1,680 1,440 3,120 4,110 3,120
3 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

Required: Complete the following table

situation revenue recognized over time revenue recognized upon completion
2021 2022 2023 2021 2022 2023

1

2
3
4
5
6

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