a.calculate pension expense

b.prepare journal entry for 2013 pension expense

c.prepare jornal entries for 2013 cash contributions and plan assers and benefits paid to retirees

all one question

Name 1. The Kollar Company has a defined benefit pension plan. (7 points) Information provided by the actuary is: a. PBO 1-1-2013 $1,800 b. Prior service cost from an amendment is $00 with a 10 year average remaining service period. c. Service cost for 2013- $520 d. Discount rate used by the actuary 10% e. Payments to retirees in 2013 $380 f. Net gain - AOCI and of 1-1-2013 $230 g. Nets gains and losses are amortized for 10 years. Information provided by the pension fund trustee: a. Plan asset balance at fair value on 1-1-2013 $1,600 b. 2013 contributions $540 C. Expected rate of return-12% and the actual rate of return was $180 Required: 1. Calculate pension expense for 2013: (3 points)