Metlock Oil received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2020. January 1, 2020 December 31, 2020 Projected benefit obligation $5,210,000 $5,425,000 Market-related and fair value of plan assets 1,843,000 2,147,440 Accumulated benefit obligation 3,994,000 4,261,280 Accumulated OCI (G/L)-Net gain 0 (416,800) The service cost component of pension expense for employee services rendered in the current year amounted to $215,000 and the amortization of prior service cost was $267,280. The company's actual funding (contributions) of the plan in 2020 amounted to $157,000. The expected return on plan assets and the actual rate were both 8%; the interest/discount (settlement) rate was 8%. Accumulated OCI (PSC) had a balance of $3,341,000 on January 1, 2020. Assume no benefits paid in 2020.