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Presented below is information related to Sheridan Manufacturing Company as of December 31, 2021: Projected benefit obligation $ 1350000 Accumulated OCI -net gain 530000 Accumulated

Presented below is information related to Sheridan Manufacturing Company as of December 31, 2021:

Projected benefit obligation$1350000
Accumulated OCI -net gain530000
Accumulated OCI (PSC)740000


The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $857000.

The pension asset / liability reported on the balance sheet at December 31, 2021 is

Pension liability of $493000.
Pension liability of $857000.
Pension liability of $2090000.
Pension liability of $1350000.

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