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*Exercise 20-7 The following defined pension data of Shamrock Corp. apply to the year 2017. $562,000 548,700 13,300 Projected benefit obligation, 1/1/17 (before amendment) Plan
*Exercise 20-7 The following defined pension data of Shamrock Corp. apply to the year 2017. $562,000 548,700 13,300 Projected benefit obligation, 1/1/17 (before amendment) Plan assets, 1/1/17 Pension liability On January 1, 2017, Shamrock Corp., through plan amendment, grants prior service benefits having a present value of Settlement rate Service cost Contributions (funding) Actual (expected) return on plan assets Benefits paid to retirees 112,000 9 % 62,100 69,300 49,400 42,200 18,300 service cost amortization for 2017
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