Brief Exercise $6-32($Algo$)$ Contract assets and contract liabilities $[$LO$6-8,6-9]$

As of December $31,2024,$ Cady Construction has one construction job for which the construction in progress $($CIP$)$ account has a balance of $$15,000,$ and the billings on the construction contract account has a balance of $$8,000.$ Cady has another construction job for which the construction in progress account has a balance of $$6,000,$ and the billings on the construction contract account has a balance of $$9,000.$

Indicate the amount of contract asset and$/$or contract liability that Cady would show in its December $31,2024,$ balance sheet.