Help Sove ut Submit Check my work Exercise 17-12 (Algo) PBO calculations; ABO calculations, present value concepts [LO17-1, 17-2, 17-3] Clark Industries has a defined benefit pension plan that specifies annual year end retirement benefits equal to 12 Service years. Final year's salary Stanley Mills was hired by Clark at the beginning of 2002. Mis as expected to retire at the end of 2046 after 45 years of service. His retirement is expected to span 15 years. At the end of 2021 20 years after being hved, his salary is $92.000. The company actuary projects Miss salary to be $390.000 at retirement. The actuary's decount rate is 10%. EVO SL e. SI EVAESI EVA. 51. EVAD 51 and PVADS (Use appropriate factor(s) from the tables provided) Required: 1. Estimate the amount of Stanley Mills's annual retirement payments for the 15 retirement years earned as of the end of 2021 2. Suppose Clark's pension plan permits a lump sum payment atretirement in lieu of annuity payments Determine the lumpsum equivalent as the present value as of the retirement date of annuity payments during the retirement period 3. What is the company's projected benefit obligation at the end of 2021 with respect to Stanley Mills! 4. Even though pension accounting centers on the PBO calculation the ABO til must be disciosed in the pension closure note What is the company's accumulated benefit obligation at the end of 2021 with respect to Stanley Mills 5. we assume no estimates change in the meantime, what is the comany's projected benefit obligation at the end of 2022 with respect to Stanley Mills 6. What portion of the 2022 increase in the PBO is attributable to 2022 service the service cost component of pension expense and to accrued interest (the interest cost component of pension expense? (For all requirements, round final answers to the nearest whole dollars)