Everdeen Corporation has the following information provided below:

December 31, 2022

Assets and obligations

Plan assets (at fair value)	$200,000
Accumulated benefit obligation	370,000
Projected benefit obligation	400,000
Other Items Pension asset / liability, January 1, 2022	10,000
Contributions	120,000
Accumulated other comprehensive loss	167,900

There were no actuarial gains or losses at January 1, 2022. The average remaining service life of employees is 10 years.

What is the amount that Everdeen should report as its pension liability on its balance sheet as of December 31, 2022?

Question 17 options:

a)

$400,000

b)

$200,000

c)

$370,000

d)

$30,000