ANSWER FORM:

Problem 5: Pension trust financial statements Hopeless Village maintains a single employer pension trust for its firefighters. The information below pertains to the firefighters' pension trust at December 31, 2021 All amounts were taken from the adjusted trial balance (i.e. all adjusting entries have been made): $ Cash and cash equivalents Interest receivable Investments at fair value Accrued administrative costs Net position restricted for pensions (as of 12/31 20) Employee contributions Employer contributions Investment income-interest Investment income-dividends Investment income-realized gains from selling investments Investment income-unrealized losses from holding investments investment expenses Administration expenses Annuity benefits Disability benefits Refunds to terminated employees 11,000 200 146,000 400 135,800 44,000 96,000 3,500 1,500 5,000 (13,000) 1,100 8,000 90,000 11,400 6,500 Additional informat Pension liability at December 31, 2020 Pension liability at December 31, 2021 245,694 251,290 Required: A. Prepare, in good form, the statement of changes in fiduciary net position for 2021. B. Compute the Village's funded percentage for its firefighters' pensions at December 31, 2021. Problem 5: Financial statements for a pension trust fund Part A: Village of Hopeless Statement of Changes in fiduciary net position Private purpose trust fund For the year ended December 31,2021 Additions: Deductions: Part B: Funded percentage Description of each amount A: B: Amounts/% $ $ % BA