On January 1, 2017, Roca Co. has the following balances:

Projected benefit obligation$3,730,000Fair value of plan assets3,340,000

The settlement rate is 10%.Other data related to the pension plan for 2017 are:

Service cost$334,000Amortization of unrecognized prior service costs78,000Contributions390,000Benefits paid150,500Actual return on plan assets338,100Amortization of unrecognized net gain33,400

The balance of the projected benefit obligation for Roca at December 31, 2017 is

$4,286,500.

$4,490,500.

$4,061,500.

$4,038,100.