Jackson Company adopts acceptable accounting for its defined befefit pension plan on January 1, 2013
with the following beginning balances: plan assets = $200,000; projected benefit obligation = $250,000
Other data relating to 3 years' operation of the plan are as follows:
					2013	2014	2015
Annual Service Cost					16,000	19,000	26,000
Settlement Rate & Expected Rate of Return					10%	10%	10%
Actual Return on Plan Assets					18,000	22,000	24,000
Annual Funding (Contributions)					16,000	40,000	48,000
Benefits Paid					14,000	16,400	21,000
Prior Service Cost on 1/1/2014						160,000
Amortization of Prior Service Costs						54,400	41,600
Actuarial Assumption Projected Benefit
Obligation Revision as of 12/31/2015							520,000
(check figure: plan assets balance after year 1 = 220,000; PBO balance after year 2 = (483,300)