21 Stern Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2022, the following balances related to this plan. Plan assets (fair value) Projected benefit obligation Pension asset/(liability) Prior service cost OCI-Loss $2,100,000 2,600,000 (500,000) 35,000 280,000 As a result of the operation of the plan during 2022, the actuary provided the following additional data at December 31, 2022. Service cost for 2022 280,000 Actual return on plan assets in 2022 180,000 Amortization of prior service cost 60,000 Contributions in 2022 460,000 Benefits paid retirees in 20202 320,000 3 Settlement rate 7% Expected return rate 8% Average remaining service life of active employees 10 years 9