Information for the Sheridan Company pension plan in 2026 is as follows: Service cost is $83000 Settlement rate is 10%, expected rate of return is 10% Actual return on plan assets is $330000 There are no prior service costs to amortize Annual funding contribution is $108000 Benefits paid to retirees during the year are $88000 Average service life of all covered employees is 15 years The projected benefit obligation on January 1, 2026 was $1280000 The value of plan assets on January 1, 2026 was $1080000 The balance in Other Comprehensive Income-Gains/Losses is a $315000 credit on December 31, 2025. What is the balance of plan assets on December 31, 2026? $1390000 $1080000 $1370000 $1430000