On January 1, 2020, Nash Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,454,000 4,140,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $509,000 are created. Other data related to the pension plan are as follows. 2020 2021 Service cost $149,000 $177,000 Prior service cost amortization 0 92,000 Contributions (funding) to the plan 237,000 283,000 Benefits paid 196,000 274,000 Actual return on plan assets 248,400 260,000 Expected rate of return on assets 6% 8 %