$20$

Babcock Company received the following reports of its defined benefit pension plan for the current calendar year:

$\backslash$table$[[$PBO$,$Plan assets,,$],[$Balance$,$ January $1,$$$600,000,$Balance, January $1,],[$Service cost$,363,000,$Actual return,$],[$Interest cost$,66,000,$Annual contribution,$55,000],[$Benefits paid,$(91,000),$Benefits paid,$223,000],[$Balance$,$ December $31,$$$938,000,$Balance, December $31,(91,000)$