Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2018. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. A consulting firm, engaged as actuary, recommends 5% as the appropriate discount rate. The service cost is $320,000 for 2018 and $400,000 for 2019. Year-end funding is $330,000 for 2018 and $340,000 for 2019. No assumptions or estimates were revised during 2018. 10 points Required: Calculate each of the following amounts as of both December 31, 2018, and December 31, 2019: (Enter your answers in thousands (i.e., 200,000 should be entered as 200).) Answer is not complete. December 31, 2018 December 31, 2019 $320,000 S736,000 1. Projected benefit obligation 2. Plan assets 3. Pension expense Net pension asset or net pension liability