The following information regarding Pronghorn Companys defined benefit pension plan was taken from the companys records for 2020:

Defined Benefit Obligation, January 1		$3,310,000
Actual return on plan assets		281,400
Benefits paid to retirees		43,700
Current year service cost		116,600
Interest cost		227,150
Employer contributions for the year		91,300
Pension Plan Assets, January 1		2,890,000

(a)

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Prepare a continuity schedule for the DBO for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Defined Benefit Obligation, December 31Benefits Paid to RetireesDefined Benefit Obligation, January 1Current Year Service CostInterest CostActual Return on Plan Assets		$
Current Year Service CostDefined Benefit Obligation, January 1Interest CostBenefits Paid to RetireesDefined Benefit Obligation, December 31Actual Return on Plan Assets
Actual Return on Plan AssetsDefined Benefit Obligation, January 1Current Year Service CostDefined Benefit Obligation, December 31Benefits Paid to RetireesInterest Cost
Defined Benefit Obligation, January 1Benefits Paid to RetireesInterest CostCurrent Year Service CostActual Return on Plan AssetsDefined Benefit Obligation, December 31
Defined Benefit Obligation, January 1Interest CostDefined Benefit Obligation, December 31Current Year Service CostBenefits Paid to RetireesActual Return on Plan Assets		$

Attempts: 1 of 1 used

(b)

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Prepare a continuity schedule for the plan assets for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Current Year Service CostBenefits Paid to RetireesEmployer Contributions for the YearActual Return on Plan AssetsPension Plan Assets, January 1Pension Plan Assets, December 31		$
Pension Plan Assets, January 1Benefits Paid to RetireesCurrent Year Service CostEmployer Contributions for the YearActual Return on Plan AssetsPension Plan Assets, December 31
Employer Contributions for the YearPension Plan Assets, January 1Benefits Paid to RetireesPension Plan Assets, December 31Current Year Service CostActual Return on Plan Assets
Pension Plan Assets, December 31Pension Plan Assets, January 1Current Year Service CostActual Return on Plan AssetsBenefits Paid to RetireesEmployer Contributions for the Year
Employer Contributions for the YearActual Return on Plan AssetsPension Plan Assets, December 31Current Year Service CostPension Plan Assets, January 1Benefits Paid to Retirees		$

Attempts: 1 of 1 used

(c)

Is the pension plan overfunded or underfunded for the year ended December 31, 2020? By how much?

The pension plan is