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What is the net Pension Asset/Liability reported at 31 December? If a liability, then enter...

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What is the net Pension Asset/Liability reported at 31 December? If a liability, then enter a negative number. Do not enter commas or dollar signs. Type your response The following information pertains to Laredo Galactic Corp.'s defined benefit pension plan for Year 1: 1 JAN Balance Accumulated Benefit Obligation $1,250,000 1 JAN Balance Projected Benefit Obligation $1,400,000 IJAN Balance Plan Assets at Fair Value $1,150,000 Service cost $160,000 Actual gain on plan assets 35,000 Unexpected loss on pension liability related to a 40,000 Year 1 disposal of a subsidiary Benefits Paid $120,000 Annual interest on pension obligation 50,000 What is the net Pension Asset/Liability balance reported at 31 December

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