OZ Leasing Associates provides you with the following information for the current year:
Beginning projected benefit obligation ........................................................................$900,000
Settlement rate .................................................................................................................          5%
Service costs for the current year .................................................................................. 350,000
Pension benefits paid ...................................................................................................... 210,000
Contributions into the plan ............................................................................................    85,000
Beginning plan assets at lair value {equal to the market related asset value).......... 865,000
Actual return on plan assets (equal to the expected return) ..................................... 100,000

Determine the pension asset or liability to be reported on the balance sheet of OZ Leasing Associates at the end of the year.