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What is the fair value of the pension plan assets

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Reference no: EM132203621

Tommy Hill records shows the information below as part of it's defined benefit pension plan:

Plan assets at fair value, January 1, 2012 $3,000,000

Expected return on plan assets in 2012 $300,000

Actual return on plan assets in 2012 $200,000

Contributions to the pension funds in 2012 $500,000

Pension benefits paid in 2012 $520,000

Current service costs $360,000

What is the fair value of the pension plan assets on December 31, 2012?

Reference no: EM132203621

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