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

Required:
Copy and complete the following table:

Costs Incurred During Year 2019 2,100 Estimated Costs to Complete (As of the End of the Year) 2019 2020 900 2,400 1,600 1,000 1,300 1,800 2018 2020 1,500 1,500 1,500 500 500 500 2018 3,000 3,000 3,000 3,500 3,500 4,600 900 900 2,400 1.500 3 4 5 6 2,100 3,000 3,000 3,000 875 1,500 1.700 Gross Profit (Loss) Recognized Over Time Upon Completion Situation 2018 2019 2020 2018 2019 2020 2 3 4 6