The following information relates to Hatami Company's defined benefit pension plan during the current reporting year:
Required: Determine the balance of pension plan assets at fair value on December 31.
| Plan assets at fair value, January 1 |
$600,000,000 |
| Expected return on plan assets |
50,000,000 |
| Actual return on plan assets |
40,000,000 |
| Contributions to the pension fluid (end of year) |
90,000,000 |
| Amortization of net loss |
0 |
| Pension benefits paid (end of year) |
32,000,000 |