The Canton Corporation's December 31,2014 Balance Sheet Reports a Pension

The Canton Corporation's December 31,2014 balance sheet reports a pension asset of $397,500.On December 31,2014,the projected benefit obligation was $6,479,000,the fair value of the plan assets was $6,747,000,and the accumulated benefit obligation was $3,482,500.The December 31,2014 balance sheet should report

A) a pension asset of $397,500.
B) a pension asset of $268,000.
C) a pension liability of $3,482,500.
D) a pension liability of $3,264,500.