Question 35 Not yet answered Jackson Medical sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2008. Service cost $ 200,000 Points out of 6.00 P Flag question Contributions to the plan 220,000 Actual return on plan assets 180,000 Projected benefit obligation (beginning of year) 2,400,000 Fair value of plan assets (beginning of year) 1,600,000 Distribution to pension plan members 280,000 The expected return on plan assets and the settlement rate were both 10%. Ignore the differences between actual return and expected return on plan assets when you calculate pension expense. How much is the pension asset that the company's pension fund had at the end of year 2008? Select one: O a. $1,720,000 O b. $2,000,000 O c. $1,780,000 O d. $2,280,000