On January 1, 2021, Blossom Co. has the following balances: Projected benefit obligation Fair value of plan assets $ 4300000 3700000 The settlement rate is 9%. Other data related to the pension plan for 2021 are: Service cost Amortization of prior service costs Contributions Benefits paid Actual return on plan assets Amortization of net gain $ 307000 65500 347000 322000 339000 22700 The balance of the projected benefit obligation at December 31, 2021 is $4994000. $4499500 $4672000. $4687000 8