Exercise 5-21 Income (loss) recognition Long-term contract; revenue recognition over time vs. upon project completion [LO5-9]

Brady Construction Company contracted to build an apartment complex for a price of $6,600,000. 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	1,660		2,610		1,380		3,990		1,380
2	1,660		1,380		3,040		3,990		3,040
3	1,660		2,610		2,880		3,990		2,780
4	660		3,160		1,320		4,620		955
5	660		3,160		2,420		4,620		2,780
6	660		3,160		3,400		6,155		3,140

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