Use the following information to answer Questions 16 through 18. The following information is available for Baghdad Corporation at December 31, 20x0. Fair Market Value of Plan Assets Market Related Asset Value ABO PBO Prepaid/(Accrued) Pension Cost (Beginning of Year) 32,000) Pension Expense Pension Plan Contributions Unrecognized Prior Service Costs Net Unrecognized Gains S 1,200,000 1,160,000 1,280,000 1,840,000 240,000) 216,000 275,000 140,000) 16. What is the pension expense that Baghdad should report in its income statement for 20X0? (a) 80,000. (b) $168,000 (c) $216,000 (d) $240,000. 17. What is the amount that Baghdad should report as an Intangible Asset/Deferred Pension Cost at December 31, 20x0? (a) $24,000. (b) S0 (c) $48,000. (d) $80,000. What is the amount that should be reported as the total liability related to pensions as of December 31, 20X0? (a) 80,000. (b) $1,280,000. (c) S 48,000. (d) S 24,000. 18