Accum. benefit obligation Projected benefit obligation Fair value of plan assets AOCI net (gain) or loss Settlement rate (for year) Expected rate of return (for year) 78. The following information relates to the pension plan for the employees of Turner Co.: 12/31/26 $12,600,000 1/1/25 $9,240,000 12/31/25 $9,660,000 9,765,000 10,458,000 14,007,000 8,925,000 10,920,000 12,054,000 -0- (1,512,000) (1,680,000) 11% 11% 8% 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $1,323,000 in 2026 and benefits paid were $987,000. The interest cost for 2026 is a. $941,220. b. $1,062,600. c. $1,150,380. d. $1,540,770. Ans: D, LO: 1, Bloom: AP, Difficulty: Moderate, Min: 3, AACSB: Analytic, AICPA BC: None, AICPA AC: Measurement Analysis and Interpretation AICPA PC: Problem Solving, IMA: Reporting, IFRS: None