Brady Construction Company contracted to build an apartment complex for a price of $5,200,000. 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

1,520

2,190

960

3,150

960

2

1,520

960

2,480

3,150

2,480

3

1,520

2,190

1,760

3,150

1,660

4

520

3,020

1,040

3,640

885

5

520

3,020

1,440

3,640

1,660

6

520

3,020

2,000

4,800

1,880

Required:

Complete the following table. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.)

	Gross Profit (Loss) Recoginzied
Situation	Revenue Recognized Over Time			Revenue Recognized Upon Completon
	2016	2017	2018	2016	2017	2018
1
2
3
4
5
6

Thank You