Valentine Corporation has a noncontributory, defined benefit pension plan. Data for 2004 were as follows: Pension plan assets (at fair market value) January 1, 2004, $240,000, and December 31, 2004, $285,000; projected benefit obligation, January 1, 2004, $243,000 and December 31, 2004, $345,000. The projected benefit obligation was underfunded at the end of 2004 in the amount of:Question 3 options.