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Amortization is on the right of the chart, but would not fit. Cullumber Company has 120 employees who are expected to receive benefits under the

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Amortization is on the right of the chart, but would not fit.

Cullumber Company has 120 employees who are expected to receive benefits under the company's defined-benefit pension plan. The total number of service-years of these employees is 1,200. The actuary for the company's pension plan calculated the following net gains and losses: For the Year Ended December 31 2020 2021 2022 (Gain) Or Loss $560,000 (474,000) 910,000 Prior to 2020, there was no unrecognized net gain or loss. Information about the company's projected benefit obligation and market-related (and fair) value of plan assets follows: As of January 1 2021 $2,260,000 2,380,000 2020 $2,020,000 1,600,000 Projected benefit obligation Fair value of plan assets 2022 $2,860,000 2,470,000 Based on the above information about Cullumber Company, prepare a schedule which reflects the amount of net gain or loss to be amortized by the company as a component of pension expense for the years 2020, 2021, and 2022. The company amortizes net gains or losses using the straight-line method over the average service life of participating employees. Beginning of Year Projected Benefit Obligation Plan Assets Accumulated OCI (Gain/Loss) Corridor 2020 $ $ $ $ $ $ 2021 2022 Cullumber Company has 120 employees who are expected to receive benefits under the company's defined-benefit pension plan. The total number of service-years of these employees is 1,200. The actuary for the company's pension plan calculated the following net gains and losses: For the Year Ended December 31 2020 2021 2022 (Gain) Or Loss $560,000 (474,000) 910,000 Prior to 2020, there was no unrecognized net gain or loss. Information about the company's projected benefit obligation and market-related (and fair) value of plan assets follows: As of January 1 2021 $2,260,000 2,380,000 2020 $2,020,000 1,600,000 Projected benefit obligation Fair value of plan assets 2022 $2,860,000 2,470,000 Based on the above information about Cullumber Company, prepare a schedule which reflects the amount of net gain or loss to be amortized by the company as a component of pension expense for the years 2020, 2021, and 2022. The company amortizes net gains or losses using the straight-line method over the average service life of participating employees. Beginning of Year Projected Benefit Obligation Plan Assets Accumulated OCI (Gain/Loss) Corridor 2020 $ $ $ $ $ $ 2021 2022

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