The following information pertains to Company A's Year 5 defined benefit pension plan January 1, Year 5, fair value of plan assets January 1, Year 5, projected benefit obligation (PBO) Contribution to the plan (made on December 31, Year 5) Benefits paid to employees (made on December 31, Year 5) December 31, Year 5, fair value of plan assets December 31, Year 5, projected benefit obligation (PBO) Discount rate Expected long-term rate of return on plan assets Service cost recognized in Year 5 Prior service cost recognized in Year 5 $100,000 $200,000 $10,000 $15,000 $106,000 $340,000 5% 8% $40,000 $70,000 al i 1. On December 31, Year 5, the company amended its defined benefit plan, resulting in an increase of $70,000 in the PBO. 2. Neither net gain or loss in relation to the company's defined benefit plan nor prior service cost were rec ognized in prior years. 3. The company applies the corridor approach to account for its net gains or losses in relation to the defined benefit plan Item Amount 1. Year 5 interest cost 2. Year 5 actual return on plan assets 3. Year 5 expected return on plan assets 4. Year 5 required minimum net pension expense 5. Year 5 net gain or loss in relation to the defined benefit pension plan 6. Pension liability as presented in December 31, Year 5, financial statements