Carla Vista Corporation received the following report from its actuary at the end of the year:
December 31, 2020 December 31, 2021
Projected benefit obligation $3760000 $4150000
Accumulated benefit obligation 2355000 2715000
Fair value of pension plan assets 2515000 2635000

The amount reported as the pension liability at December 31, 2020 is:

a) $1405000. b) $150000. c) $1245000. d) $0.