Carla Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1, 2020 December 31, 2020 Vested benefit obligation $1.530 $1,880 Accumulated benefit obligation 1.880 2,730 Projected benefit obligation 2.490 3,320 Plan assets (fair value) 1,690 2,620 Settlement rate and expected rate of return 10% Pension asset/liability 800 ? Service cost for the year 2020 400 Contributions (funding in 2020) 710 Benefits paid in 2020 200