Reconcile PBO$/$FMV of Plan Assets.

Given the following information, compute December $31,$ Year $1,$ projected benefit obligation $($PBO$)$ and fair market value $($FMV$)$ of plan assets for Lee Company. What amount of asset or liability will be reported on the balance sheet at December $31,$ Year $1?$

$\backslash$table$[[$Prior service cost granted in a Year $1$ plan amendment,$$110,000],[$Interest on PBO,$70,000],[$Actual return on plan assets,$100,000],[$Service cost$,80,000],[$Contribution sent to plan trustee,$60,000],[$Benefit payments to retirees,$20,000],[$Liability loss $($gain$),(30,000)],[$FMV of plan assets, January $1,$ Year $1,750,000],[$PBO$,$ January $1,$ Year $1,800,000]]$