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Banchero Corp. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December

Banchero Corp. received the following information from its
pension plan trustee concerning the operation of the company's
defined-benefit pension plan for the year ended December 31,
2021.
image text in transcribed
Banchero Corp. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021. Accumulated benefit obligation Projected benefit obligation Plan assets Accumulated OCI (prior service) Accumulated OCI (actuarial gain) January 1, 2021 $4,506,000 6,418,000 5,534,000 238,000 734,000 December 31, 2021 $5,868,000 7,104,000 5,747,000 175,000 734,000 What amount of net pension asset/liability will Banchero report on its December 31, 2021 balance sheet? Enter an asset as a positive number or a liability as a negative number

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