Taveras Enterprises provides the following information relative to its defined benefit pension plan.

Balances or Values at December 31, 2020
Projected benefit obligation................................................................$2,737,000
Accumulated benefit obligation............................................................1,980,000
Fair value of plan assets.........................................................................2,278,329
Accumulated OCI (PSC)..............................................................................210,000
Accumulated OCI—Net loss (1/1/20 balance, –0–)...................................45,680
Pension liability..........................................................................................458,671
Other pension plan data for 2020:
Service cost..................................................................................................94,000
Prior service cost amortization..................................................................42,000
Actual return on plan assets....................................................................130,000
Expected return on plan assets..............................................................175,680
Interest on January 1, 2020, projected benefit obligation...................253,000
Contributions to plan..................................................................................93,329
Benefits paid..............................................................................................140,000

Instructions

a. Prepare the note disclosing the components of pension expense for the year 2020.

b. Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,000.

c. Compute the amount of accumulated other comprehensive income reported at December 31, 2020.