JDS Foods' projected benefit obligation, accumulated benefit obligation, and plan assets were $60 million, $50 million, and $38 million, respectively, at the end of the year. a. What, if any, pension liability or pension asset must be reported in the balance sheet? b. What, if any, pension liability or pension asset must be reported in the balance sheet if the plan assets were $78 million instead? million . million Net pension asset Net pension liability