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Complete the following worksheet using the information provided below: Cash pension Expense AOCI - Prior AOCI - Service Cost Gains & Losses Projected PH Bencfit
Complete the following worksheet using the information provided below: Cash pension Expense AOCI - Prior AOCI - Service Cost Gains & Losses Projected PH Bencfit Obligation a Service Cost: $25,000 1. Interest Cost: $ 10.000 Actual Return on Plan Assets: $15,000 lisain) e. Expected Return on Plan Asscts: $10,000 sain) 1. Prior Service Cost incurred in contract change that increased future pension payouts cffective 1/1/2010: $40.000 Amortization of Prior Service Cost: $4.000 listed in o) Cash payments to retirees: $8,000 h. Cash contribution to Pension Trust Fund $20.000 Actuarial Change that increases future pension payouts: $6.000 Amortization of AOCI of $500 Change 12/31/20x0 Beginning Balance 1/1/20x0 O 15,000 CR 100,000 CR 80 Ending Balance 12/31/20x0
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