= Homework: Week Three RK Leasing Associates provides you with the following information for the current year: (Click the icon to view the information.) Question 17, BE19-27 (similar to) Part 1 of 3 Determine the pension asset or liability to be reported on the balance sheet of RK Leasing Associates at the end of the year. First, calculate the ending balance of the projected benefit obligation. Projected Benefit Obligation Data table HW Score: 14.32%, 3.15 of 22 points Points: 0 of 1 Beginning projected benefit obligation $ 700,000 Settlement rate 3% Service costs for the current year 380,000 Pension benefits paid 200,000 Contributions into the plan 89,000 Beginning plan assets at fair value (equal to the market related asset value) 630,000 Actual return on plan assets (equal to the expected return) 70,000 Print Done Save