5. [Analysis of Ford's U.S. pension plan disclosures] Use the data from Exhibit 12P-1 to answer the following questions

a. Calculate each of the following for 1999 and 2000 (i) Recurring pension cost (ii) Gross pension cost (iii) Nonsmoothed pension cost

b. Forecast Ford's 2001 pension cost (U.S. plans), stating any assumptions.

c. Calculate and justify the adjustments you would make to Ford's balance sheet at December 31, 1999 and 2000 to re- flect the economic position of its U.S. pension plans

d. State the principal reason for the difference between the ad- justments in part for 1999 and 2000.