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The following information regarding EastCo's defined benefit pension plan is available: DBO: January 1, 2021 $4,350,000 Plan assets: January 1, 2021 4,252,000 Current service cost

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The following information regarding EastCo's defined benefit pension plan is available: DBO: January 1, 2021 $4,350,000 Plan assets: January 1, 2021 4,252,000 Current service cost for 2021 750,000 Interest rate on high-quality corporate bonds 7% Actual return on plan assets in 2021 $261,640 Remeasurement gain due to changes in actuarial assumptions on the DBO 14,000 Contributions made by the company to the plan in 2021 419,000 Payments made by the plan to retirees in 2021 174,000

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