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Ivanhoe Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion method. The contract calls for progress billings and payments of $1650000 each quarter. The total contract price is $18708000 and Ivanhoe estimates total costs of $17850000. Ivanhoe estimates that the building will take 3 years to complete, and commences construction on January 2, 2021. At December 31, 2022, Ivanhoe Construction estimates that it is 75% complete with the building; however, the estimate of total costs to be incurred has risen to $18050000 due to unanticipated price increases. What is reported in the balance sheet at December 31, 2022 for Ivanhoe as the difference between the Construction in Process and the Billings on Construction in Process accounts, and is it a debit or a credit? Difference between the Debit/Credit accounts O $4677000 Credit O $831000 Credit O $337500 Debit O $831000 Debit