E20.17 (LO 1, 4,5) (Amortization of Accumulated OCI Balances) Keeton Company sponsors a defined benefit pension plan for its 600 employees. The company's actuary provided the following infor- mation about the plan. January 1, December 31, 2020 2020 2021 $2,800,000 1,900,000 $3,650,000 2,430,000 $4,195,000 2,900,000 1,700,000 2,900,000 3,790,000 Projected benefit obligation Accumulated benefit obligation Plan assets (fair value and market-related asset value) Accumulated net (gain) or loss (for purposes of the corridor calculation) Discount rate (current settlement rate) Actual and expected asset return rate Contributions -O- (24,000) 8% 198,000 9% 10% 1,030,000 10% 600,000 The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $400,000 in 2020 and $475,000 in 2021. The accumulated OCI (PSC) on January 1, 2020, was $1,260,000. No benefits have been paid. Instructions (Round to the nearest dollar.) a. Compute the amount of accumulated OCI (PSC) to be amortized as a component of net periodic pension expense for each of the years 2020 and 2021. b. Prepare a schedule which reflects the amount of accumulated OCI (G/L) to be amortized as a com- ponent of pension expense for 2020 and 2021. c. Determine the total amount of pension expense to be recognized by Keeton Company in 2020 and 2021