Question 1 Sandhill Corporation received the following report from its actuary at the end of the year: December 31, 2021 $4200000 December 31, 2020 Projected benefit obligation Accumulated benefit obligation Fair value of pension plan assets $3808000 2404000 2764000 2564000 2684000 The amount reported as the pension liability at December 31, 2021 is $1516000 $2764000 $4200000 $1436000 Click if you would like to Show Work for this question Open Show Work