Need formula for difference in numbers

Hi All -

I need suggestions for an IF formula (I think), that will showcase the difference between numbers from two columns (+/-) and needs to change color based on if the number is lower/higher than the set number, I.E - column 1 (set number) = $300, column 2 = $200, column 3 = would equal the difference -$100 and turn red. Positive numbers would turn green. - Could this also be done where the cell turns red or green vs. the text?

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