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 December

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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