On January 1, 2018, Blossom Co. has the following balances:

Projected benefit obligation$5400000

Fair value of plan assets4800000

The settlement rate is 10%. Other data related to the pension plan for 2018 are:

Service cost$318000 Amortization of prior service costs71000 Contributions358000 Benefits paid333000 Actual return on plan assets350000 Amortization of net gain23800

The balance of the projected benefit obligation at December 31, 2018 is

$6258000.

$5769000.

$5925000.

$5940000.