(Disclosures: Pension Expense and Other Comprehensive Income) Mildred Enterprises provides the following information relative to its defined benefit pension plan.

Instructions

(a) Prepare the note disclosing the components of pension expense for the year 2011.

(b) Determine the amounts of other comprehensive income and comprehensive income for 2011. Net income for 2011 is $35,000.

(c) Compute the amount of accumulated other comprehensive income reported at December 31, 2011.

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Balances or Values at December 31, 2011 Projected benefit obligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/11 balance, -0-) Pension liability Other pension plan data: Service cost for 2011 Prior service cost amortization for 2011 Actual return on plan assets in 2011 Expected return on plan assets in 2011 Interest on January 1, 2011, projected benefit obligation Contributions to plan in 2011 Benefits paid $2,737,000 1,980,000 2,278,329 205,000 45,680 207,991 $ 94,000 45,000 130,000 175,680 253,000 92,329 140,000