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On January 1, 2021, Sandhill Co. had the following balances: Projected benefit obligation $7,500,000 Fair...

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Accounting

On January 1, 2021, Sandhill Co. had the following balances: Projected benefit obligation $7,500,000 Fair value of plan assets 7,500,000 Other data related to the pension plan for 2021: Service cost 325,000 Contributions to the plan 469,000 Benefits paid 460,000 Actual return on plan assets 478,000 Settlement rate 9% Expected rate of return 6% (a) Determine the projected benefit obligation at December 31, 2021. There are no net gains or losses. Projected benefit obligation $

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