On December 31, 20X7, Judy is a fully vested participant in a company-sponsored pension plan. According to the plan’s administrator, Judy has at that date the nonforfeitable right to receive a lump sum of $100,000 on December 28, 20X8. The discounted amount of $100,000 is $90,000 at December 31, 20X7. The right is not contingent on Judy’s life expectancy and requires no future performance on her part. In her December 31, 20X7, personal statement of financial condition, the vested interest in the pension plan should be reported at

a. $0.

b. $90,000.

c. $95,000.

d. $100,000.