= Homework: Week Three Question 22, P19-6 (similar to) Part 1 of 7 Beginning balances (in thousands of dollars) Bob-West Advertising, Inc., initiated a defined-benefit pension plan 5 years ago. All prior service costs are for vested employees. The beginning balance (Click the icon to view the balances.) Read the requirements. Current Year Description (000s omitted) Beginning plan assets at fair value (market-related value) Beginning projected benefit obligation $ 12,000 13,900 1,950 8% 4% 780 1,400 Benefits paid during the year 1,200 Amortization of prior service cost 700 Beginning balance of namortized prior service cost Requirement a. Compute the total pension cost for the year. Select the labels and enter the amounts for all items that are included in the pension cost for the year. (Abbreviation used: PBO = Projected Benefit Obli reduce pension cost. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Components of Pension Cost: Amount (in thousands) Service costs Settlement rate Expected return on plan assets Actual return on plan assets Contributions for the year Total Pension Cost Help me solve this Etext pages Get mo Requirements a. Compute the total pension cost for the year. b. Determine the ending balances of the plan assets and the projected benefit obligation and indicate the funded status of the plan. c. Reconcile the ending balance in accumulated other comprehensive income and indicate the amounts attributable to unamortized prior service cost and unamortized net actuarial gains/losses. d. Prepare the journal entry to record the current year's pension cost. Xnamortized net actuarial gains age remaining service life of employees Print Done 2,290 3,240 5 years Clear all Check answer