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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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