Analyzing Changes in Plan Assets and PBO The following information pertains to a company's defined benefit plan. Balance Fair value of plan assets, Jan. 1, 2020 $30,000 Dr. Fair value of plan assets, Dec. 31, 2020 33,750 Dr. Projected benefit obligation, Jan. 1, 2020 30,000 Cr. Net pension asset (liability), Dec. 31, 2020 1,200 Cr. Activity 2020 Actual return on plan assets $1,800 Contributions to plan assets 2,700 Service cost 3,000 Other Discount rate Expected rate of return on plan assets 7% 8% Required a. Calculate benefits paid to retirees in 2020. Note: Do not use a negative sign with your answer. $ 2,700 b. Calculate any actuarial gain or loss on the PBO in 2020, Note: Use a negative sign to indicate a loss. $ 3,750 x