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Balances or Values at December 31, 2020 Projected benefit obligation $2,721,600 Accumulated benefit obligation 1,981,200 Fair value of plan assets 2,282,900 Accumulated OCI (PSC) 209,800
Balances or Values at December 31, 2020 Projected benefit obligation $2,721,600 Accumulated benefit obligation 1,981,200 Fair value of plan assets 2,282,900 Accumulated OCI (PSC) 209,800 Accumulated OCI-Net loss (1/1/20 balance, 0) 45,300 Pension liability 438,700 Other pension plan data for 2020: Service cost $94,100 Prior service cost amortization 42,300 Actual return on plan assets 130,600 Expected return on plan assets 175,900 Interest on January 1, 2020, projected benefit obligation 254,500 Contributions to plan 92,800 Benefits paid 139,400 Your answer is correct. Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense Service Cost $ 94100 Interest Cost 254500 Expected Return on Plan Assets - 175900 Prior Service Cost Amortization 42300 Pension Expense $ 215000 Attempts: 1 of 3 used (b) Your answer is correct. Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,200. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehensive income (loss) ta -3000 Comprehensive income (loss) ta 32200 Attempts: 2 of 3 used (c) Compute the amount of accumulated other comprehensive income reported at December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Accumulated other comprehensive income (loss) $ Save for Later Attempts: 0 of 3 used Submit
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