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On January 1, 2021, a company had the following balances: Projected benefit obligation $8,300 Fair value of plan assets 5,400 Other data related to the

On January 1, 2021, a company had the following balances:

Projected benefit obligation $8,300

Fair value of plan assets 5,400

Other data related to the pension plan for 2021:

Service cost 520

Interest cost 314

Contributions to the plan 423

Benefits paid 280

Decrease in projected benefit obligation

due to changes in actuarial assumptions 236

Actual return on plan assets 155

Expected return on plan assets 151

How much is the fair value of plan assets on December 31, 2021?

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