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Chase, Inc. presents the following information pertaining to its pension plan. 2020 2021 Fair value of plan assets (as of 12/31) $236,400 $458,400 Projected benefit

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Chase, Inc. presents the following information pertaining to its pension plan. 2020 2021 Fair value of plan assets (as of 12/31) $236,400 $458,400 Projected benefit obligation (as of 12/31) $272.400 $636,000 AOCI-Prior Service Costs (as of 12/31) SO AOCI-Net (zain] loss (as of 12/31) $55,800 Service cost $180,000 Employer cash contribution $278,400 Additional prior service cost occurring in the year $216,000 Benchts paid in the year $70,776 Actual return on plan assets $14.376 Employer's cash contributions are made at the end of each year. The company uses a 4% discount rate. Expected return for its plan assets is 5%. The average remaining service life is estimated to be 15 years. The company amortizes prior service cost on a straight-line basis over the average remaining service life. The company uses the Corridor approach to recognize the minimum amount of amortization required for cumulative net gain/loss on a straight-line basis over the average remaining service life. Required: Prepare the Pension Worksheet for 2021

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