Sheridan 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 $18870000 and Sheridan estimates total costs of $18000000. Sheridan estimates that the building will take 3 years to complete, and commences construction on January 2,2024. At December 31,2025 , Sheridan estimates that it is 80% complete with the building, however, 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 31,2025 for Sheridan as the difference between the Construction in Process and the Billings on Construction in Process accounts, and is it a debit or a credit