Exercise 20-4 The following facts apply to the pension plan of Nash Inc. for the year 2017. Plan assets, January 1, 2017 Projected benefit obligation, January 1, 2017 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees $515,100 515,100 8% 36,800 26,700 50,200 36,700