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Geology Company adopted a defined benefit pension plan on January 1, 2020. Geology amortizes the prior service cost over 16 years and funds prior service

Geology Company adopted a defined benefit pension plan on January 1, 2020. Geology amortizes the prior service cost over 16 years and funds prior service cost by making equal payments to the fund trustee at the end of each year of the first ten years. The service (normal) cost is fully funded at the end of each year. The following data are available for 2020: Service (Normal) Cost for 2020 Php 220,000 Prior Service Cost Amortized 83,400 Funded 114,400 3. Geology's prepaid pension cost at December 31, 2020 is? complete sulotion hankyou

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