Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began...

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Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2024 and was completed in 2026. 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. Costs Incurred during Year 2024 2025 Estimated Costs to Complete (As of the End of the Year) 2026 Situation 2026 2024 1 23455 $ 1,500 1,500 $ 2,100 900 $ 900 $ 3,000 2025 $ 900 2,400 3,000 2,400 1,500 2,100 1,600 3,000 1,500 500 3,000 1,000 3,500 875 500 3,000 1,300 3,500 1,500 6 Required: 500 3,000 1,800 4,600 1,700 Complete the following table. Note: Enter your answers in whole dollars and not in thousands of dollars (i.e., $400 thousand should be entered as $400,000). Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign. Situation 1 2024 2 3 45 6 Gross Profit (Loss) Recognized Revenue Recognized Over Time 2025 2026 2024 Revenue Recognized Upon Completion 2025 2026 Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2024 and was completed in 2026. 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. Costs Incurred during Year 2024 2025 Estimated Costs to Complete (As of the End of the Year) 2026 Situation 2026 2024 1 23455 $ 1,500 1,500 $ 2,100 900 $ 900 $ 3,000 2025 $ 900 2,400 3,000 2,400 1,500 2,100 1,600 3,000 1,500 500 3,000 1,000 3,500 875 500 3,000 1,300 3,500 1,500 6 Required: 500 3,000 1,800 4,600 1,700 Complete the following table. Note: Enter your answers in whole dollars and not in thousands of dollars (i.e., $400 thousand should be entered as $400,000). Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign. Situation 1 2024 2 3 45 6 Gross Profit (Loss) Recognized Revenue Recognized Over Time 2025 2026 2024 Revenue Recognized Upon Completion 2025 2026