Aragog Construction Company constructed a new forest subdivision beginning in 2020 and ending in 2023 under contract with Forbidden Forest Co. Relevant data from 2020 and 2021 are summarized below: 2020 2021 Cost $440,000 $1.920,000 Gross profit $430,000 $140,000 Contract billings 1.520,000 $1,780,000 Aragog recognizes revenue over time with respect to these contracts. What contract asset or liability would Aragog report on it December 31, 2020 balance sheet? (Enter an asset as a positive number and liability as a negative number. The label for the asset or liability will show after you input your answer.)