Carla Vista Inc. has sponsored a noncontributory, defined benefit pension plan for its employees since $1965.$ Prior to $2025,$ cumulative net pension expense recognized equaled cumulative contributions to the plan. Other relevant information about the pension plan on

January $1,2025,$ is as follows:

$2.$

The company has $75$ employees. All these employees are expected to receive benefits under the plan. The average remaining service life per employee is $10$ years.

The projected benefit obligation amounted to $$3,090,000$ and the fair value of pension plan assets was $$2,300,000.$ The market$-$related asset value was also $$2,300,000.$ Unrecognized prior service cost was $$790,000.$

On December $31,2025,$ the projected benefit obligation and the accumulated benefit obligation were $$3,980,000$ and $$3,390,000,$ respectively. The fair value of the pension plan assets amounted to $$2,810,000$ at the end of the year. A $6\%$ settlement rate and a $6\%$ expected asset return rate were used in the actuarial present value computations in the pension plan. The present value of benefits attributed by the pension benefit formula to employee service in $2025$ amounted to $$140,000.$ The employer's contribution to the plan assets amounted to $$360,000$ in $2025.$ This problem assumes no payment of pension benefits.