Sunland 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 $1800000 each quarter. The total contract price is $18924000 and Sunland estimates total costs of $18050000. Sunland estimates that the building will take 3 years to complete, and commences construction on January 2,2021. At December 31, 2022, Suniand Constructio hestimates that it is 80% complete with the building. hawever, the estimate of total costs to be incurred has risen to $18250000 due to unanticipated price increases. What is reported in the balance sheet at December 31 , 2022 for Sunland as the difference between the Construction in Process and the Billings on Construction in Process accounts, and is it a debit or acredit? Difference between the accounts Debit/Credit $3784800 Credit $200000 Debit $739200 Credit $739200 Debit