Dehned Benefit Plan Problem - Data for Fox Co. 2020 Worksheet: Expected return on assets: 5% Contributions to plan: $80,000 Settlement/Discount rate: 4% Service cost: 50.000 Actual return on assets: 10% Benefits paid to retirees: 60,000 Beginning 2020 Year Info (December 31, 2019 balances): Projected Benefit Obligation (PBO) $ 700,000 Plan Assets 600,000 Accumulated net other comprehensive gain 100,000 (average service life is 30 years) Prior Service Cost (for 50 employees retiring below) 200,000 10 retire in 3 years, 25 retire in 4 years, 15 retire in 8 years Use years of service method, not straight-line, to amortize What is the Plan's (not the Employer's) Liability account amount at 12/31/20? $662,000 $690,000 $774.000 $838,000 $718,000