At the beginning of the year, ABC Corp provided the following information related to a defined benefit plan:

FVPA	6,000,000
PBO	(5,000,000)
Prepaid/accrued benefit cost	1,000,000
Asset ceiling	(700,000)
Effect of asset ceiling	300,000

During the current year, the following are provided:

Current service cost	700,000
Actual return on plan asset	900,000
Contribution to the plan	1,000,000
Past service cost	200,000
Decrease in projected benefits due to change in actuarial assumptions	500,000
Assetceiling, year-end	1,200,000
Discount rate	10%

Determine the following:

1. FV of plan assets at year-end [ Select ] ["5,900,000", "1,200,000", "7,900,000"]
2. PBO at year-end [ Select ] ["1,200,000", "7,900,000", "5,900,000"]
3. Effect of asset ceiling at year-end [ Select ] ["300,000", "700,000", "800,000"]
4. Employee benefits expense [ Select ] ["1,400,000", "830,000", "800,000"]
5. Net Remeasurement gain/(loss) [ Select ] ["330,000", "800,000", "1,270,000"]