80. Presented below is information related to Decker Manufacturing Company as of December 31, 2026: Projected benefit obligation Accumulated OCI -net gain Accumulated OCI (PSC) $1,700,000 600,000 810,000 The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $1,200,000. The pension asset / liability reported on the balance sheet at December 31, 2026 is a. Pension liability of $500,000. b. Pension liability of $1,200,000. c. Pension liability of $1,700,000. d. Pension liability of $2,510,000. Ans: A, LO: 1,2, Bloom: AP, Difficulty: Moderate, Min: 3, AACSB: Analytic, AICPA BC: None, AICPA AC: Measurement Analysis and Interpretation AICPA PC: Problem Solving, IMA: Reporting, IFRS: None