On January 1, 2017, Makoto Co. has the following balances: Projected benefit obligation$2,730,000Fair value of plan assets2,340,000 The settlement rate is 10%. Other data related to the pension plan for 2017 are: Service cost$234,000Amortization of unrecognized prior service costs77,600Contributions390,400Benefits paid140,500Actual return on plan assets304,500Amortization of unrecognized net gain27, 800 The balance of the projected benefit obligation at December 31, 2017 is $3,096,500. $3,061,500. $3,038,100. $3,490,500