Exercise 20-10 (Part Level Submission) Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the following balances relate to this plan. $483,540 Plan assets Projected benefit obligation 603 200 Pension asset/liability 119,660 Accumulated OCI (PSC) 104,940 Dr. As a result of the operation of the plan during 2014, the following additional data are provided by the actuary. Service cost $94,770 Settlement rate 10% Actual return on plan assets 61,900 24,930 Amortization of prior service cost Expected return on plan assets 56,970 unexpected loss from change in projected benefit obligation, due to change in actuarial predictions 79,410 Contributions 106,400 Benefits paid retirees 90,040