Pharoah Company sponsors a defined benefit plan for its $100$ employees. On January $1,2025,$ the company's actuary provided the

following information.

The average remaining service period for the participating employees is $10$ years. All employees are expected to receive benefits

under the plan. On December $31,2025,$ the actuary calculated that the present value of future benefits earned for employee services

rendered in the current year amounted to $$50,800$; the projected benefit obligation was $$492,700$; fair value of pension assets was

$$277,400$; the accumulated benefit obligation amounted to $$372,300.$ The expected return on plan assets and the discount rate on the

projected benefit obligation were both $10\%.$ The actual return on plan assets is $$10,000.$ The company's current year's contribution to

the pension plan amounted to $$65,000.$ No benefits were paid during the year.