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Nash Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation $2,723,400
Nash Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation $2,723,400 Accumulated benefit obligation 1,971,900 Fair value of plan assets 2,287,100 Accumulated OCI (PSC) 208,900 Accumulated OCI-Net loss (1/1/20 balance, 0) 45,500 Pension liability 436,300 Other pension plan data for 2020: Service cost Prior service cost amortization Actual return on plan assets $94,900 41,700 130,200 Expected return on plan assets 175,700 Interest on January 1, 2020, projected benefit obligation 253,800 Contributions to plan 93,100 Benefits paid 139,000 (a) Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense $
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