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Answer questions 1-4 from the following information. Beginning PBO: $600,000 Contributions: $47,000 Beginning Plan Assets: $550,000 Benefits Paid: $33,000 Amendment-January 1: $170,000 Actual Return: $29,000

Answer questions 1-4 from the following information.

Beginning PBO: $600,000

Contributions: $47,000

Beginning Plan Assets: $550,000

Benefits Paid: $33,000

Amendment-January 1: $170,000

Actual Return: $29,000

Service Cost: $52,000

Average Work Life: 17 years

Discount Rate: 3%

Expected Rate of Return: 6%

  1. Compute the ending balance of the projected benefit obligation (PBO).
  2. Compute the ending balance of the prior service cost in AOCI.
  3. Compute the ending balance of the plan assets.
  4. Compute the ending balance of the unrecognized net gain or loss in AOCI.

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