Brady Construction Company contracted to build an apartment complex for a price of $5,500,000. Construction...
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Brady Construction Company contracted to build an apartment complex for a price of $5,500,000. Construction began in 2021 and was completed in 2023. The following is a series of independent situations, numbered through 6, involving differing costs for the project. All costs are stated in thousands of dollars. Situation NH Costs incurred During Year 2821 2022 2023 1,55e 2,288 1,050 1,55e 1,050 2,600 1,55e 2,280 2,800 550 3,05e 1,180 550 3,850 1,650 550 3,ese 2,380 Estimated Costs to Complete (As of the End of the Year) 2021 2022 2023 3,338 1,050 3,330 2,689 3,330 1,900 3,850 9100 3,850 1,90e 5,180 2,15e 4 6 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.) 2023 $ Situation 1 2 3 Gross Profit (Loss) Recognized Revenue Recognized Over Time Revenue Recognized Upon Completion 2021 2022 2021 2022 2023 198,926 289.67275 132.402 108,020 (46.926 150.000 198,020 (350.001) (176,285 137.500 682.500 137.500 (137.500 250.000 (150.000) (150.000 (100,000 150.000 (150.000) (100,000 4 5

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