On January 1, 2018, INXS Company had the following balances: Projected benefit obligation 1,245,400 Fair value of plan assets 965,400 The settlement rate, as well as the expected return rate, is 5%. Other data related to the pension plan for 2018 were: Service cost 61,200 Amortization of prior service costs 13,400 Contributions 29,500 Benefits paid 36,800 Actual return on plan assets 41.900 Amortization of net gain 11,400 What was the fair value of plan assets at December 31, 2018? [3 points) A What amount was recorded for pension expense for year 2018? (5 points) A/ Page 7 of 18 Previous Page Next Page