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Selected financial information for Wheeler Company for the current year ended December 31 is shown below. Plan assets at January 1 $1,150,000 Projected benefit

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Selected financial information for Wheeler Company for the current year ended December 31 is shown below. Plan assets at January 1 $1,150,000 Projected benefit obligation at January 1 1,000,000 Accumulated benefit obligation at January 1 800,000 Interest cost 80,000 Service cost 140,000 Actual return on plan assets 125,000 Expected return on plan assets 100,000 Employer's contribution 160,000 Benefits paid to retirees 60,000 -0- Accrued pension cost at January 1 Wheeler's projected benefit obligation at December 31 is $1,260,000 $1,140,000 $1,160,000 $1,020,000

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