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Carla Vista, Inc on January 1 , 2 0 2 1 initiated a noncontributory, defined - benefit pension plan that grants benefits to its 1

Carla Vista, Inc on January 1,2021 initiated a noncontributory, defined-benefit pension plan that grants benefits to its 109 employees for services rendered in years prior to the adoption of the pension plan. The total expected service-years of the 109 employees who are expected to receive benefits under the plan is 1,308. An actuarial consulting firm has indicated that the present value of the projected benefit obligation on January 1,2021 was $5,628,000. On December 31,2021 the following information was provided concerning the pension plan's operations for its first year.
\table[[Employer's contribution at end of year,$1,690,000
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