At December 31, 2020, the Following Information Was Provided by the Defined

At December 31, 2020, the following information was provided by the defined benefit pension plan administrator for Leonardo Corp.: Fair value of plan assets ....................................................... $\$ 5,000,000$
Defined benefit obligation --------------------------------------- $6,200,000$ The corporation uses IFRS. What is the net defined benefit liability/asset account that should be shown on Leonardo's December 31, 2020 statement of financial position?

A) $ 1,200,000 liability
B) $ 1,200,000 asset
C) $ 6,200,000 liability
D) $ 5,000,000 asset