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

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Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. 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 As of the End of the Year 2018 3,000 3,000 3,000 3,500 3,500 4,600 Costs Incurred During Year 2019 2,100 Situation 2018 2020 2019 2020 1,500 1,500 1,500 500 500 500 900 2,400 1,600 1,000 1,300 1,800 900 2,400 1,500 875 1,500 1,700 900 2,100 3,000 3, 000 3,000 Required Complete the following table. (Enter answers in dollars. 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) Recognized Revenue Recognized Over Time Revenue Recognized Upon Completion 2019 Situation 2018 2019 2020 2018 2020 4 5 6

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