1. The following information relates to the pension plan for the employees of Turner Co:

1/120 12/31/20 12/31/21

Accumulated benefit obligation $9,240,000 $9,660,000 $12,600,000

Projected benefit obligation 9,765,000 10,458,000 14,007,000

Fair value of plan assets 8,925,000 10,920,000 12,054,000

AOCI net (gain) or loss -0- (1,512,000) (1,680,000)

Settlement rate (for year) 11% 11%

Expected rate of return (for year) 8% 7%