The following information regardingFlintCompany's defined benefit pension plan was taken from the company's records for 2020:

Defined Benefit Obligation, January 1

$3,330,000Actual return on plan assets

280,450Benefits paid to retirees

43,600Current year service cost

115,850Interest cost

227,250Employer contributions for the year

90,800Pension Plan Assets, January 1

2,880,000

a. Prepare continuity schedule for the DBO for 2020.

b. Prepare continuity schedule for the plan assets for 2020.

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