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Carla Vista inc. has beginning of - the year present values for its projected benefit obligation and market-related values for its pension planassets. The average
Carla Vista inc. has beginning of - the year present values for its projected benefit obligation and market-related values for its pension planassets. The average remaining service life per employee in 2024 and 2025 is 8 years and in 2026 and 2027 is 11 years. The net gain or loss that occurred during each year is as follows: 2024, \$153,450 gain; 2025, \$37,200 gain: 2026, \$27,900 loss; and 2027, \$13,950 loss: (In working the solution, the gains and losses must be agregated to arrive at year-end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the 4 years, setting up an appropriate schedule. (Round answers to 0 decimal places e.g. 22,500)
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