Question: The following data are for the pension plan for the employees of Cullumber Company. 1/1/20 12/31/20 12/31/21 Accumulated benefit obligation $ 6200000 $ 6400000 $

The following data are for the pension plan for the employees of Cullumber Company.

1/1/20 12/31/20 12/31/21
Accumulated benefit obligation $ 6200000 $ 6400000 $ 8000000
Projected benefit obligation 6600000 6800000 8600000
Plan assets (at fair value) 5800000 7200000 7800000
AOCL net loss 0 1068000 1120000
Settlement rate (for year) 10% 10%
Expected rate of return (for year) 7% 7%

Cullumbers contribution was $ 960000 in 2021 and benefits paid were $ 870000. Cullumber estimates that the average remaining service life is 10 years. The corridor for 2021 was $ 720000. The amount of AOCI-net loss amortized in 2021 was

$ 40800.

$ 112000.

$ 34800.

$ 106800.

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