Lighthouse Co. sponsored a defined benefit plan, which included January 1, 2020, balances of $15,000 and $14,800 in Plan Assets and Projected Benefit Obligation, respectively. During 2020, the company incurred $11,000 in service cost, made plan contributions of $3,310, and paid benefits to retirees for $1,900. The discount rate is 5% and the expected and actual rate of return on plan assets is 6%.

Given the information provided for the defined benefit plan, what is the amount recorded in the journal entry for the pension asset/liability account in 2020?

Question 20 options:

	$9,330
	$7,530
	$7,330
	$7,828