On January 1, 2017, Crane Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,463,000 4,190,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $505,000 are created. Other data related to the pension plan are as follows. 2018 $177,000 90,000 287,000 285,000 255,000 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets $148,000 241,000 200,000 251,400 696 8%