Given:
Danang Company's Year 1 PBO data
PBO - January 1, Year 1
$250,000
PBO - December 31, Year 1
$400,000
Benefits paid (on December 30, Year 1)
$20,000
Discount rate
6%
Service cost recognized in Year 1
$40,000
Prior service cost recognized in Year 1
$67,500
What is the amount of the liability gain or loss (that is, the unexpected change in the PBO)?