Exercise 20-9

Stellar Enterprises provides the following information relative to its defined benefit pension plan.

Balances or Values at December 31, 2017
Projected benefit obligation		$2,743,700
Accumulated benefit obligation		1,980,300
Fair value of plan assets		2,290,800
Accumulated OCI (PSC)		212,000
Accumulated OCINet loss (1/1/17 balance, 0)		45,800
Pension liability		452,900
Other pension plan data for 2017:
Service cost		$94,300
Prior service cost amortization		42,200
Actual return on plan assets		129,800
Expected return on plan assets		175,600
Interest on January 1, 2017, projected benefit obligation		254,300
Contributions to plan		92,700
Benefits paid		139,800

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 Determine the amounts of other comprehensive income and comprehensive income for 2017. Net income for 2017 is $35,200. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehensive income (loss) Comprehesive income (loss) Compute the amount of accumulated other comprehensive income reported at December 31, 2017. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Accumulated other comprehensive income (loss) s Click if you would like to Show Work for this question: Open Show Work