Question: Kulver's Inc. sponsored a defined benefit plan in 2020. Plan assets had a January 1, 2020, balance at fair value of ($ 130,000) and a

Kulver's Inc. sponsored a defined benefit plan in 2020. Plan assets had a January 1, 2020, balance at fair value of $\$ 130,000$ and a December 31, 2020, balance at fair value of $\$ 134,800$. The actual return on plan assets is $6 \%$. The trustee paid $\$ 18,000$ of benefits to retirees.

Required

Compute Kulver's 2020 contribution to the defined benefit plan.

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