For Oxford Corporation, year-end plan assets were $3,000,000. At the beginning of the year, plan assets were $2,450,000. During the year, contributions to the fund were $180,000 and benefits paid were $110,000. Compute Oxford's actual return on plan assets.

Select one:

a. $260,000

b. $350,000

c. $480,000

d. $550,000

e. $840,000