On January $1,2025,$ Ivanhoe Company has the following defined benefit pension plan balances.

Projected benefit obligation

$$4,517,000$

Fair value of plan assets

$4,250,000$

The interest $($settlement$)$ rate applicable to the plan is $10\%.$ On January $1,2026,$ the company amends its pension agreement so that

prior service costs of $$504,000$ are created. Other data related to the pension plan are as follows.