On January 1, 20x3 the fair value of the company's pension fund was $610,000 while its projected benefit obligation was $630,000. Following is a list of items pertaining to 20x3: Actual rate of return 12% Prior service costs from 20x2 unamortized $75,000 Expected rate of return 8% Net gains from prior years unamortized $60,000 Discount rate 10% Actuarial gains $43,000 Current service costs $50,000 Average remaining years of service 5 No contributions were made towards the pension fund nor were benefits paid during 20x3. 2) How much should be reported on the December 20x3 balance sheet for pension asset or liability? A $16,800 liability B $29,000 liability C $91,800 liability D $102,800 liability B) In calculating pension cost for December 20x3, how much of amortized gains should be included? A $60,000 B $0 $3,000 D $12,000