Use the following information for questions 7, 8, & 9. On January 1, 2015, Parks Co. has the following balances: Projected benefit obligation $4,200,000 Fair value of plan assets $3,750,000 The settlement rate is 10%. Other data related to the pension plan for 2015 are: Service cost $240,000 Amortization of prior service costs $54,000 Contributions $270,000 Benefits paid $250,000 Actual return on plan assets $264,000 #7. The balance of the projected benefit obligation at December 31, 2015 is $ #8. The fair value of plan assets at December 31, 2015 is $ #9. The funded status of this pension as of December 31, 2015 is (Must indicate overfunded or underfunded and $$ amount) #7.PBO as of December 31, 2015 =$ #8.Plan Assets as of December 31, 2015 =$ #9.Funded Status of Pensions as of December 31, 2015 =$ (Must indicate overfunded or underfunded and $$ amount)