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Exercise 20-9 (Part Level Submission) Orlole Enterprises provides the following Information relative to lts defined benefit penslon plan. Balances or Values at December 31, 2017
Exercise 20-9 (Part Level Submission) Orlole Enterprises provides the following Information relative to lts defined benefit penslon plan. Balances or Values at December 31, 2017 Projected benefit abligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/17 balance, 0) Pension liability Other pension plan data for 2017: $2,743,700 1,980,300 2,290,800 212,000 45,800 452,900 Service cost Prior service cost amortization Actual return on plan assets Expected return on plan assets Interest on January 1, 2017, projected benefit obligation Contributions to plan Benefits paid $94,300 42,200 129,800 175,600 254,300 92,700 139,800 (a) Your answer Is correct. Prepare the note disclosing the components of pension expense for the year 2017. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense Service Cost 94300 Interest Cost 254300 Expected Return on Plan Assets 175600 Prlor Service Cost Amortization 42200 Pension Expense 215200 Click if you would like to Show Work for this question: Open Show Wark Determine the amounts of other comprehenslve Income and comprehensve Income for 2017. Net Income for 2017 1s $35,200. (Enter loss usingelther a negatlve sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehenslve Income (loss) Comprahensive Income (loss) Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 used SAV HSUBMIT
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