The following information relates to the defined benefit pension plan for the McDonald Company for the year ending December 31, 2011. Projected benefit obligation, January 1 ............. $4,320,000 Projected benefit obligation, December 31 .. $4,729,000 Fair value of plan assets, January 1 $5,035,000 Fair value of plan assets, December 31 .. $5,565,000 Expected return on plan assets. $450,000 Employer contributions $425,000 Benefits paid to retirees ... $390,000 Interest rate 10% Using the information above, service cost for the year would be $ commas and dollar signs and round to the nearest dollar. ? Omit