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Crane Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan January 1, 2020 December 31, 2020 $1,610
Crane Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan January 1, 2020 December 31, 2020 $1,610 $ 1.890 Vested benefit obligation Accumulated benefit obligation Projected benefit obligation 1,890 2,470 2.720 3,320 Plan assets (fair value) 1,620 2,370 Settlement rate and expected rate of return 10 % Pension asset/liability 1,100 ? Service cost for the year 2020 410 Contributions (funding in 2020) 760 Benefits paid in 202- 200 (a) Compute the actual return on the plan assets in 2020. Actual return on the plan assets $ (b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2020. (Assume the January 1, 2020, balance was zero.) (Enter loss using either a negative sign preceding the number e.3. - 45 or parentheses e. 3. (45).) Net pension liability gains and losses $ (c) Compute the amount of net gain or loss amortization for 2020 (corridor approach). Net gain or loss amortization $ (d) Compute pension expense for 2020, Pension expense $
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