The following pension plan information is for Farr Company at December 31, 2021.

Projected benefit obligation $9,000,000

Accumulated benefit obligation 7,950,000

Plan assets (at fair value) 6,520,000

Accumulated OCI (PSC) 540,000

Pension expense for 2021 3,000,000

Contribution for 2021 2,400,000

The amount to be reported as the liability for pensions on the December 31, 2021 balance sheet is

		$2,480,000.
		$2,030,000.
		$1,650,000.
		$1,430,000.