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complete required 1 & 2 please.... urgent help asap ($ in thousands) $ 310 Discount rate, 7% Expected return on plan assets, 10% Actual return

complete required 1 & 2 please.... urgent help asap image text in transcribed
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($ in thousands) $ 310 Discount rate, 7% Expected return on plan assets, 10% Actual return on plan assets, 9% Service cost, 2021 January 1, 2021: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2021 amortization, $25) Net gain-AOCI (2021 amortization, $6) There were no changes in actuarial assumptions December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 2, 3ee 2,000 2,400 325 330 245 270 Required: 1. Determine pension expense for 2021. 2. Prepare the journal entries to record (a) pension expense. (b) gains and losses (if any). (c) funding, and (d) retiree benefits for 2021 Answer is not complete. Complete this question by entering your answers in the tabs below. Rendi Renud? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e. 200,000 should be entered as 200).) Pension Expense Service cost 310 Interest cost 161 (216) Expected return on plan assets Amortization of prior service cost Amortization of net loss Pension expense

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