Question 4 On January 1, 2020, McGee Co. had the following balances: Projected benefit obligation $6,400,000 Fair value of plan assets 6,000,000 Other data related to the pension plan for 2019: contributions to the plan 400,000 Benefits paid 350,000 On 1/1/2020, prior service cost was granted having a present value of 150,000 Actual return on plan assets 430,000 Settlement rate 9% Expected rate of return 796 Amortized Prior Service cost 40,000 Amortization of net gain 50,000 Service cost 250,000 How much will be reported on the balance sheet as Pension Asset/Liability at year end