• Logan Corp., a company whose stock is publicly traded, provides a noncontributory defined-benefit pension plan for its employees. The company's actuary has provided the following information for the year ended December 31, 2015:
• Balances as of December 31, 2014
  • Projected benefit obligation $700,000
  • Fair value of plan assets $825,000
• Following information for 2015
  • Service cost $240,000
  • Interest on projected benefit obligation $24,000
  • Amortization of prior service cost $60,000
  • Expected and actual return on plan assets $82,500

The market-related asset value equals the fair value of plan assets. No contributions have been made for 2015 pension cost.

At December 31, 2015 The funded status of this pension is $ (Must indicate overfunded or underfunded and $$ amount)