Indigo Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January 1,...

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Indigo Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January 1, 2020. The insurance company which administers the pension plan provided the following selected information for the years 2020, 2021, and 2022 For Year Ended December 31, 2020 2021 2022 Plan assets (fair value) $51,000 $87,400 $182,240 Accumulated benefit obligation 44,600 166,000 291,100 Projected benefit obligation 61,000 203,610 320,800 Net (gain) loss (for purposes of corridor calculation) 0 78,200 83,481 Employer's funding contribution (made at end of year) 51,000 61,000 104,500 There were no balances as of January 1, 2020, when the plan was initiated. The actual and expected return on plan assets was 10% over the 3-year period, but the settlement rate used to discount the company's pension obligation was 13% in 2020, 11% in 2021, and 8% in 2022. The service cost component of net periodic pension expense amounted to the following: 2020, $61,000: 2021, $87,400; and 2022, $109,200. The average remaining service life per employee is 12 years. No benefits were paid in 2020, $29.700 of benefits were paid in 2021, and $18,400 of benefits were paid in 2022 (all benefits paid at end of year). (a) Your answer is correct. Calculate the amount of net periodic pension expense that the company would recognize in 2020, 2021, and 2022. (Round answers Indigo Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January 1, 2020. The insurance company which administers the pension plan provided the following selected information for the years 2020, 2021, and 2022 For Year Ended December 31, 2020 2021 2022 Plan assets (fair value) $51,000 $87,400 $182,240 Accumulated benefit obligation 44,600 166,000 291,100 Projected benefit obligation 61,000 203,610 320,800 Net (gain) loss (for purposes of corridor calculation) 0 78,200 83,481 Employer's funding contribution (made at end of year) 51,000 61,000 104,500 There were no balances as of January 1, 2020, when the plan was initiated. The actual and expected return on plan assets was 10% over the 3-year period, but the settlement rate used to discount the company's pension obligation was 13% in 2020, 11% in 2021, and 8% in 2022. The service cost component of net periodic pension expense amounted to the following: 2020, $61,000: 2021, $87,400; and 2022, $109,200. The average remaining service life per employee is 12 years. No benefits were paid in 2020, $29.700 of benefits were paid in 2021, and $18,400 of benefits were paid in 2022 (all benefits paid at end of year). (a) Your answer is correct. Calculate the amount of net periodic pension expense that the company would recognize in 2020, 2021, and 2022. (Round answers