Use the Following Information for Questions 93 and 94 -The Fair Value of Plan Assets at December 31, 2015

question 96

Multiple Choice

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.