Roweburry Blanket Company offers all employees a defined-benefit pension plan. At the end of the current year, Roweburry€™s pension plan trustee reported the following information regarding the changes in the PBO, the plan assets at fair value, and the funded status of the plan.

Roweburry€™s management confirmed that the market-related asset value of the plan assets is equal to its fair value. The company uses a 9% expected rate of return. The company amortized its unamortized prior service cost at a rate of 20% for the current year. The prior service costs are for employees that are not vested. The beginning balance in the accumulated other comprehensive income account was $ 18,252 due to accumulated net actuarial losses. To date, there has been no required amortization of actuarial gains or losses. The ­accumulated benefit obligation on the pension plan trustee€™s report is equal to $ 1,245,000 at the end of the current year.
Required
a. Compute pension cost for the current year.
b. Prepare a t-account for the accumulated other comprehensive income account.

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Projected Beneft Obligation Benefits paid to retirees Actuarial gain 48,6721,043,692 Beginning balance 84,744 Prior service cost 58,084 Service cost 135,680 Interest on beginning PBO 152,316 Actuarial loss 1.425,844 Ending balance Plan Assets Beginning balance Contributions (funding) Actual retum igaini Ending balance Funded Status # PBO-Plan Assets 1.006,902 92,612 84,500 1,135,342 0 Actual return (loss) 48,672 Benefits paid to retirees $ 1.425.844-$1.135.342 # S290.502 Net Liability