II posted this before, but I had messed up the pictures. I have a test tomorrow on these concepts and would really love to understand how to do them so I can write my test.

The following defined benefit pension data of Oriole Corp. apply to the year 2020: $446,000 435,200 10,800 Defined benefit obligation, funding basis, 1/1/20 (before amendment) Plan assets, 1/1/20 Net defined benefit liability, 1/1/20 On January 1, 2020, Oriole Corp., through a plan amendment, granted prior service benefits having a present value of Interest/discount rate Annual pension service cost Contributions (funding) Actual return on plan assets Benefits paid to retirees 66,600 9% 41,500 43,000 41,000 40,200 The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis. Your answer is partially correct. Try again. Prepare a continuity schedule for the DBO for 2020. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Oriole Corp. Continuity Schedule For the Year Ended December 31, 2020 Defined Benefit Obligation, 1/1/20 5446000 Current Service Cost T41500 487500 interest Cost 143875 Benefits Paid Out T140200 Past Service Cost 165600 Defined Benefit Obligation, 12/31/20 Your answer is partially correct. Try again. Prepare a continuity schedule for the plan assets for 2020. (Enter negative amounts using either a negative sian preceding the number e.o. -45 or parentheses e.o. (45) Oriole Corp. Continuity Schedule Prepare a continuity schedule for the plan assets for 2020. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses Oriole Co. Continuity Schedule For the Year Ended Decem plan Assets, 1/1/20 $1435200 Contributions 43000 21000 Tactual Return on Plan Assets Benefits Paid Out 140200 Plan Assets, 12/31/20 *7479000 Your answer is partially correct. Try again. Calculate pension expense for 2020 Pension expense 110975 Prepare the entry to record the expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation December 31, 2020 Pension Expense |110975 Net Defined Benefit Liability/Asset T110975 Your answer is partially correct. Try again. Calculate the balance of the net defined benefit liability/asset at December 31, 2020. 78775 Net defined benefit Triability, December 31, 2020 Your answer is partially correct. Try again. Identify the plan's surplus or deficit at December 31, 2020. Pension deficie 18775