MJ Leasing Associates provides you with the following information for the current year: (Click the icon to view the information. Determine the pension asset or liability to be reported on the balance sheet of MJ Leasing Associates at the end of the year. i Data Table - X First, calculate the ending balance of the projected benefit obligation Projected Benefit Obligation S 600.000 6% 380,000 180,000 Beginning projected benefit obligation Settlement rate Service costs for the current year Pension benefits paid Contributions into the plan Beginning plan assets at fair value (equal to the market related asset value) Actual return on plan assets (equal to the expected return) 90.000 Next, calculate the ending balance of plan assets at fair value. Plan Assets at Fair Value 540.000 60,000 Print Done therefore, of the same amount is The funded status of the plan is by $ reported on MJ Leasing's balance sheet at the end of the year, MJ Leasing Associates provides you with the following information for the current year: (Click the icon to view the information. Determine the pension asset or liability to be reported on the balance sheet of MJ Leasing Associates at the end of the year. i Data Table - X First, calculate the ending balance of the projected benefit obligation Projected Benefit Obligation S 600.000 6% 380,000 180,000 Beginning projected benefit obligation Settlement rate Service costs for the current year Pension benefits paid Contributions into the plan Beginning plan assets at fair value (equal to the market related asset value) Actual return on plan assets (equal to the expected return) 90.000 Next, calculate the ending balance of plan assets at fair value. Plan Assets at Fair Value 540.000 60,000 Print Done therefore, of the same amount is The funded status of the plan is by $ reported on MJ Leasing's balance sheet at the end of the year