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Automia Construction Company contracted to build an apartment complex fora price of $10,000,000. Construction began in year 1 and was completed in year 3. The following are two situations involving differing costs for the project. All costs are stated in thousands of dollars. Est. Costs to Complete (As of the End of the Year) Costs Incurred During the Year Situation Year 1 Year 2Year 3 4,200 1,800 1,000 6,000 3,600 Year 1 Year 2 Year 3 6,000 1,800 9,200 3,400 3,000 Required: 1. Determine the Gross Profit (Loss) Recognized for the two situations when revenue is recognized over time and when revenue is recognized upon completion