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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
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 Costs Incurred During Year 2019 2,100 Situation2018 1,500 1,500 1,500 500 500 500 2020 900 2,400 1,600 1,000 1,300 1,800 As of the End of the Year 2018 3,000 3,000 3,000 3,500 3,500 4,600 2019 900 2,400 1,500 875 1,500 1,700 2020 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 2 4
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