Use the following information for questions 93 and 94.
On January 1, 2015, Parks Co. has the following balances: $Use the following information for questions 93 and 94. On January 1, 2015, Parks Co. has the following balances: The settlement rate is 10%. Other data related to the pension plan for 2015 are: \begin{array}{lr} \text { Service cost } & \$ 240,000 \\ \text { Amortization of prior service costs } & 54,000 \\ \text { Contributions } & 270,000 \\ \text { Benefits paid } & 250,000 \\ \text { Actual return on plan assets } & 264,000 \\ \text { Amortization of net gain } & 18,000 \end{array} -The fair value of plan assets at December 31, 2015 is A) $3,506,000. B) $3,764,000. C) $4,034,000. D) $4,284,000.$ The settlement rate is 10%. Other data related to the pension plan for 2015 are:

\begin{array}{lr}\text { Service cost } & \$ 240,000 \\\text { Amortization of prior service costs } & 54,000 \\\text { Contributions } & 270,000 \\\text { Benefits paid } & 250,000 \\\text { Actual return on plan assets } & 264,000 \\\text { Amortization of net gain } & 18,000\end{array}

-The fair value of plan assets at December 31, 2015 is
A) $3,506,000.
B) $3,764,000.
C) $4,034,000.
D) $4,284,000.

The Interest on the Projected Benefit Obligation Component of Pension

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