Balances (in thousands of dollars) Description Current Year Prior Year Beginning plan assets at fair value (equal to the market-related asset value) Solve $ 806, 160 Beginning projected benefit obligation Solve 965,270 Service costs 73,800 60,000 Settlement rate 10% 10% Expected return on plan assets 8% 8% Actual return on plan assets 40,320 40,000 Contributions for the year 106,080 65,760 ye Benefits paid during the year 28,800 34.560 25,200 Amortization of prior service cost 9,200 Balance of accumulated other comprehensive income due to: Unamortized prior service cost Unamortized net actuarial losses 38,580* Solve 95,047 Solve Done Print uestio The Desmond Group provided the following information related to its defined-benefit plan for the current year: E (Click the icon to view the balances.) Read the requirements. Requirement a. Compute the pension cost for the year. Select the labels and enter the amounts for all items that are included in the pension cost for the year. (Abbreviation used: PBO = a minus sign for items that reduce pension cost. If a box is not used in the table leave the box empty: do not select a label or enter Components of Pension Cost: Service Cost Amount 73800 96527 Interest on PB0 Balances (in thousands Expected Return on Plan Assets (64493) Amortization of Prior Service Cost 9200 Description Beginning plan assets at fair val Beginning projected benefit oblig Total Pension Cost 115034 Service costs Choose from any list or enter any number in the input fields and then continue to the next Settlement rate Expected retun on plan assets Actual return on plan assets P Type here to search