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 $250,000. B. Pension Asset of $750,000. C. Pension Asset of $250,000. D. Pension Liability of $500,000.