The following information for Blossom Enterprises is given below:

			December 31, 2018
Assets and obligations
	Plan assets (at fair value)			$696000
	Accumulated benefit obligation			1185000
	Projected benefit obligation			1050000
Other Items
	Pension asset / liability, January 1, 2018			23000
	Contributions			360000
	Other comprehensive loss in 2018			678700

There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years. What is the amount that Blossom Enterprises should report as its pension liability on its balance sheet as of December 31, 2018?

A. $360000

B. $354000

C. $678700

D. $590000