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

Defined Benefit Obligation, January 1		$3,330,000
Actual return on plan assets		280,450
Benefits paid to retirees		43,600
Current year service cost		115,850
Interest cost		227,250
Employer contributions for the year		90,800
Pension Plan Assets, January 1		2,880,000

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).)

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

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).)

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

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

The pension plan is Choose the answer from the menu in accordance to the question statement overfundedunderfunded by $Enter your answer in accordance to the question statement