Determination of Pension Plan Amounts

Various pension plan information for 2016 and 2017 as follows:

2016 2017

Service Cost $100,000 (j)

Interest cost on projected benefit obligation $54,000.00 (g)

Discount Rate 9% 9%

Amortization of prior service cost $4,000 $4,000

Plan assets (fair value), 1/1* $500,000 $615,000

Projected benefit obligation, 1/1* (a) $720,000

Expected long-term rate of return on plan assets (b) 11%

Amortization of net loss (d) $700

Accrued pension cost (liability) , 12/31 (f) (k)

Average service life of employees 10 years 10 years

Pension expense (e) $110,850

Cumulative net loss, 1/1 $68,000 (i)

Expected return on plan assets $50,000 (h)

Corridor (c) $72,000

* 1/1/2018:$762,000

**1/1/2018: $857,800

Fill in the blanks lettered (a) through (K).Enter amounts as positive numbers

$600,000 A - Complete

B

C

D

E

F

$64,800 G Complete

$67,650 H Complete

I

J

K