Exercise 6-23 (Algo) Income (loss) recognition; Long-term contract; revenue recognition over time vs. upon project completion (LO6-9] Brady Construction Company contracted to build an apartment complex for a price of $6,200,000. Construction began in 2021 and was completed in 2023. 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 1 2 3 4 5 6 Costs Incurred During Year 2021 2022 2023 1,620 2,490 1,260 1,620 1,260 2,880 1,620 2,490 2,560 620 3,120 1,240 620 3,120 2,140 620 3,120 3 3,000 Estimated costs to Complete (As of the End of the Year) 2021 2022 2023 3,750 1,260 3,750 2,880 3,750 2,460 4,340 935 4,340 2,460 5,755 2,780 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.) Gross Profit (Loss) Recognized Revenue Recognized Over Time Revenue Recognized Upon Completion 2021 2022 2023 2021 2022 2023 Situation 1 2. 3 4 5 6