On January 1, 2021, Pharoah Co. has the following balances: Projected benefit obligation $3700000 Fair value of plan assets 3200000 The settlement rate is 11%. Other data related to the pension plan for 2021 are: Service cost $304000 Amortization of prior service costs due to increase in benefits 104000 Contributions 504000 Benefits paid 229000 Actual return on plan assets 399000 Amortization of net gain 30400 The balance of the projected benefit obligation at December 31, 2021 is $4160000. $4107000. O $4411000. O $4182000