Question: On January 1 , 2 0 X 1 , Prattt Corp. adopted a defined benefit pension plan. The plan's service cost of $ 3 5

On January 1,20X1, Prattt Corp. adopted a defined benefit pension plan. The plan's service cost of $350,000 was fully funded at the end of 20X1. Prior service cost was funded by a contribution of $140,000 in 20X1. Amortization of prior service cost was $56,000 for 20X1. What is the amount of Pratts pension net asset at December 31,20X1?

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