Clark Industries has a defined benefit pension plan that specifies annual, year-end retirement benefits equal to: 13% Service years Final year's salary Stanley Mills was hired by Clark at the begining of 2002 . Mills is expected to retire at the end of 2046 after 45 years of service. His retirement is expected to span 15 years. At the end of 2021,20 years after being hired, his salary is $88,000. The company's actuary projects Mills's salary to be $350,000 at retirement. The actuary's discount rate is 6%. (EV of S1. PV of $1. FVA of $1. PVA of $1. FVAD of \$1 and PVAD of S1) (Use oppropriate foctor(s) from the tables provided.) Required: 1. Estimate the amount of Stanley Mills's annual retirement payments for the 15 retirement years earned as of the end of 2021. 2. Suppose Clark's pension plan permits a lump-sum payment at retirement in lieu of annuity payments. Determine the lump-sum equivalent as the present value as of the retirement date of annuity payments during the retirement period. 3. What is the company's projected benefit obligation at the end of 2021 with respect to Stanley Milis? 4. Even though pension accounting centers on the PBO calculation, the ABO still must be disciosed in the pension disclosure note. What is the company's accumulated benefit obfigation at the end of 2021 with respect to Stanley Mils? 5 . If we assume no estimates change in the meantime, what is the company's projected benefit obligation at the end of 2022 with respect to Stanley Milis? 6. What portion of the 2022 increase in the PBO is attributable to 2022 service (the service cost component of pension expense) and to accrued interest (the interest cost component of perision expense)? (For oll requirements, found finol onswers to the neorest whole dollars.)