Splish Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021. 2020 2021 Plan assets (fair value), December 31 $712,980 $865,980 Projected benefit obligation, January 1 714,000 816,000 Pension asset/liability, January 1 142,800 Cr. ? Prior service cost, January 1 255,000 244,800 Service cost 61,200 91,800 Actual and expected return on plan assets 24,480 30,600 Amortization of prior service cost 10,200 12,240 Contributions (funding) 117,300 122,400 Accumulated benefit obligation, December 31 510,000 561,000 Interest/settlement rate 8 % 8%