Carla Vista 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 S1800000 each quarter. The total contract price is $18978000 and Carla Vista estimates total costs of $18100000. Carla Vista estimates that the building will take 3 years to complete and commences construction on January 2 2021 At December 31, 2022. Carla Vista Construction estimates that it is 30% complete with the building however, the estimate of total costs to be incurred has risen to $18300000 due to unanticipated price increases. What is reported in the balance sheet at December 31, 2022 for Carla Vista as the difference between the Construction in Process and the Billings on Construction in Process accounts, and is it a debitor acredit? Difference between the accounts Debit/Credit $240000 Debit $782400 Credit $3795600 Credit $782400 Debit