Jamieson Corp.sponsors a defined benefit plan for its employee group. The following data pertains to the plan's first 2 years in existence: The funded status of Jamieson's defined benefit plan as at December 31^st,Year 2 is: A) $26,576 overfunded. B) $26,576 underfunded. C) $48,876 underfunded. D) $48,876 overfunded.

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The Answer of Jamieson Corp.sponsors a defined benefit plan for its employee group. The following data pertains to the plan's first 2 years in existence: The funded status of Jamieson's defined benefit plan as at December 31^st,Year 2 is: A) $26,576 overfunded. B) $26,576 underfunded. C) $48,876 underfunded. D) $48,876 overfunded.