ABC Corp. provides its employees with a defined benefit pension plan. The company actuary has provided you with the following information for 2020: PBO as of 1/1/2020 $1,200,000 Fair Value Plan Assets 1,650,000 Cost of Current Service 480,000 Interest Cost 48,000 PSC amortization 120,000 Expected and actual return on assets 165,000 The company's policy is that contributions to the pension plan are always equal to the pension expense for the corresponding year. The company has already made the 2020 contribution. In 2020, $70,000 was paid to retirees. In the statement of financial position as of December 31, 2020, ABC must report Select one: a. a net pension debt of $8,000 b. a net pension debt of $405,000 c. a net pension asset of $405,000 d. a net pension debt $1,658,000