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Brady Construction Company contracted to build an apartment complex for a price of $6,300,000. Construction began in 2024 and was completed in 2026. The following

Brady Construction Company contracted to build an apartment complex for a price of $6,300,000. Construction began in 2024 and was completed in 2026. 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.

Situation Costs Incurred during Year Estimated Costs to Complete (As of the End of the Year)
2024 2025 2026 2024 2025 2026
1 $ 1,630 $ 2,520 $ 1,290 $ 3,810 $ 1,290
2 1,630 1,290 2,920 3,810 2,920
3 1,630 2,520 2,640 3,810 2,540
4 630 3,130 1,260 4,410 940
5 630 3,130 2,210 4,410 2,540
6 630 3,130 3,100 5,855 2,870

Required:

Complete the following table.

Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands of dollars (i.e., $400 thousand should be entered as $400,000). Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.

image text in transcribed \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Gross Profit (Loss) Recognized } \\ \cline { 2 - 7 } & \multicolumn{2}{|c|}{ Revenue Recognized Over Time } & \multicolumn{2}{c|}{ Revenue Recognized Upon Completion } \\ \hline Situation & 2024 & 2025 & 2026 & 2024 & 2025 & 2026 \\ \hline 1 & & & & & & \\ \hline 2 & & & & & & \\ \hline 3 & & & & & & \\ \hline 4 & & & & & & \\ \hline 5 & & & & & & \\ \hline 6 & & & & & & \\ \hline \end{tabular}

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