Franklin Construction has two construction projects in progress as of December 31,2022 . For Job #1, the Construction in Progress (CIP) account has a balance of $5,000 and the Billings on Construction Contract account has a balance of $3,000. For Job #2, the Construction in Progress (CIP) account has a balance of $12,000 and the Billings on Construction Contract account has a balance of $16,000. Indicate the amount of contract asset and/or contract liability that Franklin would show in its December 31, 2022, balance sheet