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On January 1, 2021, Carla Vista Co. has the following balances: Projected benefit obligation $ 3650000 Fair value of plan assets 3550000 The settlement rate
On January 1, 2021, Carla Vista Co. has the following balances:
| Projected benefit obligation | $ | 3650000 | |
| Fair value of plan assets | 3550000 |
The settlement rate is 10%. Other data related to the pension plan for 2021 are:
| Service cost | $ | 330000 | |
| Amortization of prior service costs | 82000 | ||
| Contributions | 555000 | ||
| Benefits paid | 250000 | ||
| Actual return on plan assets | 340000 | ||
| Amortization of net gain | 20000 |
The fair value of plan assets at December 31, 2021 is
| a | $4195000. |
| b | $3650000. |
| c | $3927000. |
| d | $3990000. |
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