Determination of Pension Plan Amounts

Various pension plan information of Kerem Company for 2016 and 2017 is as follows:

2016 2017

Service cost $100,000 (j)

Interest cost on projected benefit obligation 54,000 (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

Required:

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

(a) $_____

(b)____ %

(c) $____

(d) $____

(e) $____

(f) $_____

(g) $_____

(h) $_____

(i) $____

(j) $_____

(k) $____