3,

Current Attempt in Progress

The following information pertains to Sunland Co.'s pension plan:

Actuarial estimate of projected benefit obligation at 1/1/21		$	76000
Assumed discount rate			8%
Service costs for 2021		$	22400
Pension benefits paid during 2021		$	14400

If no change in actuarial estimates occurred during 2021, Sunland's projected benefit obligation at December 31, 2021 was

$104480.

$84000.

$90080.

$82080.

4,On January 1, 2021, Ivanhoe Co. has the following balances:

Projected benefit obligation			$3000000
Fair value of plan assets			2500000

The settlement rate is 9%. Other data related to the pension plan for 2021 are:

Service cost			$290000
Amortization of prior service costs due to increase in benefits			90000
Contributions			490000
Benefits paid			215000
Actual return on plan assets			385000
Amortization of net gain			29000

The balance of the projected benefit obligation at December 31, 2021 is

$3560000.

$3270000.

$3305000.

$3345000.