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The first cell is wrong, just a heads up. Brady Construction Company contracted to build an apartment complex for a price of $5,200,000. Construction began

The first cell is wrong, just a heads up. image text in transcribed
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Brady Construction Company contracted to build an apartment complex for a price of $5,200,000. 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 (As of the End of the Costs Incurred During Year Year) Situation 2018 2019 2020 2018 2019 2020 11,520 2,190 960 3,150 960 2 1,520 960 2.480 3,150 2,480 3 1,520 2.190 1760 3,150 1,660 4 520 3,020 1,040 3,640 885 S 520 3,020 1,440 3,640 1,660 5 6 520 3,020 2,000 4,800 1,880 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 2018 2019 2020 2018 2019 2020 $ 209,100 6

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