On January 1, 20X5, Roemer Company has the following balances related to its pension plan. ROEMER COMPANY BALANCES RELATED TO COMPANY PENSION PLAN AT JANUARY 1, 20X5 Projected benefit obligation $ 2,800,000 Fair value of plan assets 2,500,000 The settlement rate is 10%. Other data related to the pension plan for 20X5 are provided below. ROEMER COMPANY OTHER DATA RELATED TO COMPANY PENSION PLAN FOR YEAR ENDING DECEMBER 31, 20X5 $ 160,000 Service cost Amortization of unrecognized prior service costs Contributions Benefits paid Actual return on plan assets +Amortization of unrecognized net gain 36,000 180,000 150,000 176,000 12,000 14. The balance of the projected benefit obligation at December 31, 20X5 is: (a) $3,048.000. (b) $3.060,000. $3,086,000. (d) $3,090,000. 15. The fair value of plan assets at December 31, 20X5 is: (a) $2.354,000. (b) $2,526,000. (c) $2,706,000. (d) $2.856,000. 2