Please explain the answer

e following facts apply to Oehler Company for the year 2012: Plan assets, 1/1/12 ........................................................................... $450,000 Projected benet obligation, 1/1/12 .................................................... 450,000 Annual service cost for 2012 ................................................................. 27,000 Settlement rate for 2012 ............................................................................. 7% Actual return on plan assets for 2012 .................................................... 30,000 Contributions (funding) In 2012 ............................................................. 32,000 Benets paid to retirees in 2012... .......................................................... 17,000 he balance of pension asset/liability to be reported end of 2012 is