Use the following information for questions 27 through 28. The following information for Cooper Enterprises is given below: December 31.2015 Assets and obligations Plan assets (at fair value) Accumulated benefit obligation. $400,000 740,000 Projected benefit obligation 800,000 Other Items Pension asset / liability, January 1, 2015 Contributions 20,000 240,000 Accumulated other comprehensive loss 335,800 There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 10 years. D Question 27 What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2015? $800,000 $400,000 $60,000 $740,000 Question 28 The amortization of Other Comprehensive Loss for 2016 is: $25,580 $0 $33,580 $46,000