Question $3$

$2\mathrm{.}5$ pts

A government has a single$-$employer defined benefit pension plan for its firefighters. At its December $31,2022$ fiscal year$-$end, the government had a total pension liability for the plan of $$1,200,000$ and the related pension's plan net position was $$800,000.$ On December $31,2023,$ the government had a total pension liability for the plan of $$1,300,000$ and the related pension's plan net position was $$780,000.$

What is the government's net pension liability in its government$-$wide financial statements on December $31,2022?$

$$ $$520\mathrm{.}000$

$$400\mathrm{.}000$

$$1\mathrm{.}200\mathrm{.}000$

$$1,300,000$