The Brand Corporation's January 1, 2018 balance sheet reports a net pension liability of $243,000. On December 31, 2018, the projected benefit obligation was $4,975,000, the fair value of the plan assets was $4,679,000, and the accumulated benefit obligation was $3,482,500. The December 31, 2018 balance sheet should report a net pension liability totaling:
A. $3,482,500
B. $4,975,000
C. $243,000
D. $296,000
Answer: D
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