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The following data are for the pension plan for the employees of Lockett Company. 1 / 1 / 2 5 1 2 / 3 1

The following data are for the pension plan for the employees of Lockett Company.
1/1/2512/31/2512/31/26
Accumulated benefit obligation $5,000,000 $5,200,000 $6,800,000
Projected benefit obligation 5,400,0005,600,0007,400,000
Plan assets (at fair value)4,600,0006,000,0006,600,000
AOCL net loss -0-960,0001,000,000
Settlement rate (for year)10%9%
Expected rate of return (for year)8%7%
Locketts contribution was $840,000 in 2026 and benefits paid were $750,000. Lockett
estimates that the average remaining service life is 15 years.
The actual return on plan assets in 2026 was

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