Current Attempt in Progress

Carla Vista Corporation is a privately$-$owned company that follows ASPE. On December $31,2022,$ Carla Vista's financial records

indicated the following information related to the company's defined benefit pension plan:

Defined Benefit Obligation

$$7,606,000$

Pension Plan Assets

$7,267,000$

On January $1,2023,$ Carla Vista acquired the operations of Sandhill Ltd$.$ As one of the conditions of the purchase, Carla Vista agreed

that Sandhill's employees would be included in Carla Vista's defined benefit pension plan and would be granted credit for the past

service of Sandhill's employees. The actuary estimated the value of the prior service amount granted on January $1,2023$ to be

$$32,500.$

Carla Vista's actuary provided the following information on December $31,2023$:

Current year service cost

Employer contributions for the year

Benefits paid to retirees

Actuarial increase in pension obligations

Expected return on assets

Actual return on assets

Discount rate

$$387,000$

$434,000$

$175,500$

$123,500$

$6\%$

$5\%$

$6\%$