Wildhorse Enterprises Ltd, has entered into a contract beginning in February 2023 to build two warehouses for Indigo Structures Ltd. The contract is a non-cancellable fixed-price contract for $10 million. The following data pertain to the construction period (all figures in thousands). The construction industry has experienced significant expansion, making construction materials and labour more costly than originally estimated. Wildhorse finds it extremely difficult to estimate the costs to complete construction and therefore difficult to estimate the percentage complete. It must account for the construction project using the zero-profit method. What is the balance in the Contract Asset/Liability account at December 31, 2023 and 2024