Huggins Company has the following information at December 31, 2015 related to its pension plan:

Projected benefit obligation $4,000,000

Accumulated benefit obligation 3,200,000

Plan assets (fair value) 4,350,000

Accumulated OCI (PSC) 300,000

The amount of pension asset / liability Huggins Company would recognize at December 31, 2015 is

A. Pension liability of $800,000. B. Pension asset of $350,000. C. Pension liability of $300,000. D. Pension asset of $1,150,000.