Intermediate Accounting (ACC 615, 5 Kieso, Intermediate Accounting, 17e the Assignment Grade ORION Downloadable eletbook CALCULATOR FRL SCREEN HINTER VERSION BACK NE Exer 2008 Your answer is partially correct. Try again Ivanhoe Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market related values for its pension plan assets. Projected 2019 2020 2021 2022 Obligation 2,220,000 2,664,000 3,274,500 3,996,000 Value $2,109,000 2,775,000 2,886,000 3,330,000 The average remaining service Me per employee in 2019 and 2020 is 10 years and in 2021 and 2002 is 12 years. The net gain or loss that occurred during each year is as follows: 2019, $310,500 loss; 2020, $99,900 loss; 2021, $12,210 loss; and 2022, $27,750 gain. (In working the solution, the wins and losses must be aggregated to arrive at year end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense each of the four years, setting up an appropriate schedule. Year Minimum Amortization of Loss 2020 2022 Intermediate Accounting (ACC 615, 5 Kieso, Intermediate Accounting, 17e the Assignment Grade ORION Downloadable eletbook CALCULATOR FRL SCREEN HINTER VERSION BACK NE Exer 2008 Your answer is partially correct. Try again Ivanhoe Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market related values for its pension plan assets. Projected 2019 2020 2021 2022 Obligation 2,220,000 2,664,000 3,274,500 3,996,000 Value $2,109,000 2,775,000 2,886,000 3,330,000 The average remaining service Me per employee in 2019 and 2020 is 10 years and in 2021 and 2002 is 12 years. The net gain or loss that occurred during each year is as follows: 2019, $310,500 loss; 2020, $99,900 loss; 2021, $12,210 loss; and 2022, $27,750 gain. (In working the solution, the wins and losses must be aggregated to arrive at year end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense each of the four years, setting up an appropriate schedule. Year Minimum Amortization of Loss 2020 2022