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What will be the amount in plan assets

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Question: On January 1, 2018, Oil Trading Co.'s defined benefit pension plan had plan assets with a fair value of $850,000, and a projected benefit obligation of $775,000. In addition:

- Actual and expected return on plan assets - 6%

- Interest cost - 9%

- Service costs - $28,268

- Unamortized prior service cost - $142,498

- Employer contributions to the plan - $59,225

- Distributions to employees from the plan $44,068

What will be the amount in plan assets at December 31, 2018?

Reference no: EM132718244

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