1.) Pension data for Sam Adams Inc. include the following for the current calendar year:

Discount rate, 8%

Expected return on plan assets, 10%

Actual return on plan assets, 9%

Service cost, $460,000

January 1:PBO$3,060,000ABO2,060,000Plan assets3,260,000Amortization of prior service cost36,000Amortization of net gain7,600December 31:Cash contributions to pension fund$281,000Benefit payments to retirees316,000

Required:

1.Determine pension expense for the year.

2.Prepare the journal entries to record pension expense and funding for the year.

2.) Careful Consulting Company has an unfunded postretirement benefit plan. On December 31, 2021, the following data were available concerning changes in the plan's accumulated postretirement benefit obligation with respect to one of Careful's employees:

APBO, January 1$33,128Interest cost ($33,128 8%)2,650Service cost (92,400 1/22)4,200APBO, December 31$39,978

Required:

1.Over how many years is the expected postretirement benefit obligation being expensed?

2.What is the expected postretirement benefit obligation at the end of 2021?

3.When was the employee hired?(Round your answer to 1 decimal place.)

4.What is the expected postretirement benefit obligation at the beginning of 2021?(Round your final answer to the nearest whole dollar amount.)