Question 3 Defined Beneht 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 Beneht Obligation (PBO) $ 700,000 Plan Assets 600,000 Accumulated net other comprehensive gain 100,000 taverage 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 B years Use years of service method, not straight-line, to amortize What is the Plan's (not the Employer's) Asset account at tair value amount at 12/31/20 5680.000 5780000 O $520,000 S540.000 50.000 Type bere to search o - G a 3 3 5 6 00 9 0 17