Amalgamated Motor report the following information about its defined benefit pension plan: Plan assets at fair value (1/1/2020): $500 million, Expected return on plan assets: 12%, Actual return on plan assets: 8%, Contributions to the pension fund (10/31/2020): $80 million, Pension benefits paid (7/20/2020): $120 million, Pension expense (year of 2020): $60 million. What is the value of Amalgamated Motors plan assets on 12/31/2020?

	a.	$440 million
	b.	$500 million
	c.	$480 million
	d.	$80 million
	e.	$520 million