Jackson Company has the following information for the company's defined-benefit pension plan for the year ended December 31, 2021:

January 1, 2021 December 31, 2021

Projected benefit obligation $5,000,000 $5,510,000

Fair value of plan assets 2,500,000 3,200,000

Accumulated OCI (PSC) 1,080,000 600,000

Service cost for 2021 is $360,000 and amortization of prior service cost is $480,000. The company's funding of the plan in 2021 amounted to $1,050,000. Benefit payments for the year totaled $600,000, The expected return on plan assets and the settlement rate were both 10%. In the companys pension worksheet,

Select one:

A) Accumulated OCI (PSC) woud be increased by $480,000.

B) PBO would be decreased and Plan Assets would be increased by the $1,050,000 funding.

C)Both PBO and Plan Assets would be decreased by benefits paid of $600,000.

D) Cash would be decreased by benefits paid of $600,000

Cash would be decreased by benefits paid of $600,000.