Presented below is pension information related to Waters Company as of December 31, 2015: Accumulated benefit obligation $3,000,000 Projected benefit obligation 3,500,000 Plan assets (at fair value) 3,750,000 Accumulated OCI (G / L) 100,000 The amount to be reported as Pension Asset / Liability as of December 31, 2015 is a. Pension Liability of $500,000. b. Pension Asset of $750,000. c. Pension Liability of $250,000. d. Pension Asset of $250,000.