On January 1,2014,Reds Corporation Adopted a Defined Benefit Pension Plan

Multiple Choice

On January 1,2014,Reds Corporation adopted a defined benefit pension plan.The plan's service cost of $140,000 was fully funded at the end of 2014.Prior service cost was funded by a contribution of $50,000 in 2014.Amortization of prior service cost was $14,000 for 2014.What is the amount of Reds' prepaid pension cost at December 31,2014?

A) $36,000
B) $60,000
C) $84,000
D) $90,000