Saved As of December 31, 2021, Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $10,000 and the billings on construction contract account has a balance of $5,000. Cady has another construction job for which the construction in progress account has a balance of $17,000 and the billings on construction contract account has a balance of $23,000. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2021, balance sheet. Job Contract Asset or Contract Liability? Amount $ Job 1 Job 2 CIP Billings 10,000 $ 5,000 17,000 $ 23,000 s es