Nash Company provides the following selected information related to its defined benefit pension plan for 2020. Pension asset/liability (January 1) $ 26,100 Cr Accumulated benefit obligation (December 31) 396,400 Actual and expected return on plan assets 9.900 Contributions (funding) in 2020 150,000 Fair value of plan assets (December 31) 802.900 Settlement rate 10 % Projected benefit obligation (January 1) 705,200 Service cost 80,290 Nash Company Income Statement (Partial) For the Year Ended December 31, 2020 $ UT Nash Company Balance Sheet (Partial) December 31, 2010 Pension Liability LA 15000
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