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

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Accounting

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

1/1/17 12/31/17 12/31/18
Accumulated benefit obligation $ 5300000 $ 5430000 $ 7000000
Projected benefit obligation 5500000 5660000 7550000
Plan assets (at fair value) 4790000 6250000 6730000
AOCL net loss 0 962000 1070000
Settlement rate (for year) 9% 9%
Expected rate of return (for year) 8% 8%

Cranes contribution was $858000 in 2018 and benefits paid were $741000. Crane estimates that the average remaining service life is 15 years. The actual return on plan assets in 2018 was

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