Question: it says its wrong. pls show steps by steps Mch more Inc began a defined benefit pension plan for its employees on January 1, 2021.

it says its wrong. pls show steps by steps

Mch more Inc began a defined benefit pension plan for its employees on January 1, 2021. The following data are provided for 2021, as of December 31, 2021 Projected benefit obligation Accumulated benefit obligation Plan assets at fair value Pension expense Employer's cash contribution (end of year) $785,000 740,000 655,000 715,000 655,000 What amount should Van Nuen report as its net pension liability at December 31, 2021? Multiple Choice $45,000 $85.000 $130.000

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