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 $1050000 each quarter. The total contract price is $18060000 and Ivanhoe estimates total costs of $17250000. 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 70% complete with the building; however, the estimate of total costs to be incurred has risen to $17450000 due to unanticipated price increases. What is repo ted in the balance sheet at December 31 , 2022 for Ivanhoe as the difference between the Construction in Process and the Billings cn Construction in Process accounts, and is it a debit or a credit