4. On January 1, 2021, Blossom Co. has the following balances:

Projected benefit obligation			$3400000
Fair value of plan assets			2900000

The settlement rate is 10%. Other data related to the pension plan for 2021 are:

Service cost			$298000
Amortization of prior service costs due to increase in benefits			98000
Contributions			498000
Benefits paid			223000
Actual return on plan assets			393000
Amortization of net gain			29800

The balance of the projected benefit obligation at December 31, 2021 is

$3815000.

$3740000.

$3786000.

$4038000.