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Based on the information provided at the end of the year below, determine the balance of the Plan Assets on December 31. Plan assets at

Based on the information provided at the end of the year below, determine the balance of the Plan Assets on December 31.

Plan assets at fair value, Dec 31 600,000

Expected return on plan assets 60,000

Actual return on plan assets 48,000

Contributions made 100,000

Amortization of net loss 10,000

Pension benefits paid 11,000

Pension expense 72,000

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